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Our Bureau

Kochi May 22 Manappuram General Finance and Leasing, a Kerala-based NBFC, has posted an after-tax profit of Rs 1,061 lakh during the financial year 2006-07 as against Rs 395 lakh in the previous fiscal, an increase of 168 per cent.

The gross income rose 121 per cent to Rs 4,365 lakh (Rs 1,974 lakh), Mr V.P. Nandakumar, Chairman, said at a press meet.

During the year, the company made a bonus issue in the ratio of 1:1.

Proposes 18% dividend

The board has recommended a higher dividend of 18 per cent on the increased equity, he said.

The company's shares are listed on the Mumbai, Chennai and Cochin Stock Exchanges. The shares would be listed on the NSE shortly. The asset size of the group has increased to Rs 570 crore from Rs 150 core and it will touch Rs 1,000 crore this year, he said.

The company has received Authorised Dealer II licence from the RBI for its forex operations.

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