Business Daily from THE HINDU group of publications
Tuesday, Aug 01, 2006
Business Daily from THE HINDU group of publications Tuesday, Aug 01, 2006 |
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Corporate
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Bonus Announcements Corporate Results - Plantations AVT Natural approves 1:1 bonus Our Bureau
Kochi , July 31 The board of directors of AVT Natural Products Ltd has approved the issue of bonus shares in the ratio of one equity share for every share held (1:1) by shareholders as on the record date to be fixed after approval at the annual general meeting.
50 pc dividend
According to an official release here, the board has also recommended a dividend at the rate of 50 per cent of the equity share capital for 2005-06. The company has made a record turnover of Rs 71.64 crore and profit before tax of Rs 12.85 crore during 2005-06, When compared to the previous year the increase was 25 per cent and 88 per cent, respectively. Profit after tax went up by 56 per cent from Rs 4.83 crore in 2004-05 to Rs 7.53 crore in 2005-06. Earnings per share also improved from Rs 12.08 to Rs 19.58. During the first quarter of the current fiscal, sales increased by 41 per cent to Rs 17.43 crore from Rs 12.34 crore in the first quarter of last fiscal. PAT for the quarter stood at Rs 83 lakh as against a loss of 41 lakh during the corresponding period last year.
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