Financial Daily from THE HINDU group of publications
Thursday, Jun 02, 2005
Financial Daily from THE HINDU group of publications Thursday, Jun 02, 2005 |
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Corporate Results
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Pharmaceuticals Matrix Labs to pay 60 pc dividend Our Bureau
Hyderabad , June 1 THE board of directors of Matrix Laboratories Ltd on Wednesday recommended a dividend of 60 per cent (Rs 1.20 per share with a face value of Rs 2) for the financial year 2004-05. In a press release here, the company said the dividend would be paid on the post-bonus paid-up capital of Rs 29.94 crore. The board has taken on record the audited financial results for the fiscal ended March 2005. The company recorded a profit after tax of Rs 130.26 crore on net sales of Rs 636.76 crore for the year, compared with Rs 124.61 crore of net profit on a turnover of Rs 529.47 crore in the previous fiscal. The board has decided to convene the company's annual general meeting on August 25, the release said.
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