Business Daily from THE HINDU group of publications
Tuesday, Oct 31, 2006
ePaper
Business Daily from THE HINDU group of publications Tuesday, Oct 31, 2006 ePaper |
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Corporate
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Dividend Announcement Corporate Results - Paints Asian Paints Q2 net rises 27 pc; to pay Rs 5.50 interim Our Bureau
Mumbai , Oct. 30 Asian Paints has reported a net profit of Rs 77.56 crore (Rs 61.17 crore) on a stand-alone basis for the quarter ended September 30, a 26.79 per cent rise over the corresponding period of the previous year. Net sales increased by 30.28 per cent to Rs 784.9 crore (Rs 602.47 crore). For the six-month period, net profit increased by 28.5 per cent to Rs 135.6 crore (Rs 105.5 crore). Net sales rose by 24.73 per cent to Rs 1,388.3 crore from Rs 1,113 crore. "In the six months to date, we have registered good growth in all segments of decorative coatings and across all regions of the country," said Mr Ashwin Dani, Vice-Chairman & Managing Director of Asian Paints. ," he added. The board has recommended an interim dividend of Rs 5.50 per share. Shares of the company fell 0.80 per cent to Rs 667.75 on the BSE.
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