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Corporate Results - Dyes & Pigments


Vanavil Dyes declares 20 pc dividend

Our Bureau

MUMBAI: Vanavil Dyes and Chemicals Ltd has reported a substantial increase in net profit for the fourth quarter ended March 31, 2005 at Rs 45.03 lakh against Rs 18.73 lakh during the same time last year. The company also announced a 20 per cent annual dividend.

The increase comes from lower stock in trade and an interest income of Rs 13.76 lakh.

Net sales for the quarter fell to Rs 13.21 crore (Rs 13.30 crore) while other income was Rs 86.53 lakh (Rs 97.89 lakh).

Total expenses were down to Rs 12.93 crore (Rs 13.19 crore). The company reported a net interest income of Rs 13.76 lakh (Rs 4.28 lakh). It spent Rs 84.38 lakh (Rs 83.76 lakh) on depreciation.

For the financial year ended March 31, 2005, Vanavil Dyes reported a net profit of Rs 1.73 crore (Rs 72.93 lakh). Net sales were Rs 50.88 crore (Rs 50.07 crore).

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