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Our Bureau

Mumbai, April 27

Arvind Mills Ltd has posted a 59 per cent decline in its net profit at Rs 21.47 crore for the quarter ended March 31, 2006 as compared to Rs 53 crore for the corresponding quarter the previous year. Total income dropped to Rs 363.75 crore (Rs 440.7 crore).

The company recommended a dividend of 10 per cent. For the full-year the company has posted a net profit of Rs 127.16 crore (Rs 127.35 crore). Total income fell to Rs 1,614.52 crore (Rs 1,659.90 crore). The company's shares fell by Rs 4.60 to Rs 94 on the BSE on Thursday

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