Financial Daily from THE HINDU group of publications
Wednesday, May 25, 2005
Financial Daily from THE HINDU group of publications Wednesday, May 25, 2005 |
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Corporate Results
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Glass Asahi sales up 19 pc in Q4 Our Bureau
New Delhi , May 24 ASAHI India Glass Ltd today reported a marginal increase in its net profit for the fourth quarter to Rs 20.96 crore from Rs 20.28 crore in the same period last year, while sales rose 19 per cent to Rs 184.06 crore in the period. The company's net profit in the last fiscal rose 9 per cent at Rs 78.20 crore compared to Rs 71.75 crore in previous fiscal. Sales during the year ended March 31, 2005, grew 17.5 per cent to Rs 691.53 crore as against Rs 588.42 crore in 2003-04. The board has recommended an issue of bonus shares to its shareholders through capitalisation in the proportion of one equity share for every equity share. It also recommended a final dividend of Rs 1.5 per share for 2004-05, Asahi said in a release. The company had earlier paid an interim dividend of Re 1 per share, which takes the total dividend for the year to Rs 2.50 per share.
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