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Bangalore June 18 Rajesh Exports has posted a 52.2 per cent increase in net profit for the year ended March 31, 2007 at Rs 101.28 crore (from Rs 66.54 crore last year). Its revenues for the year rose 25.74 per cent to Rs 6,893.36 crore.

Mr Rajesh Mehta, Chairman, Rajesh Exports, said, "The increase in profits is primarily due to the focus of the company on its growth engines planned to increase the profitability of the company. I am confident that the growth engines will lead to further increase in profits in the coming quarters."

For the fourth quarter ended March 31, 2007, Rajesh Exports posted a 123.2 per cent rise in net profit at Rs 33.33 crore. Its net sales for the quarter grew to Rs 1,796.52 crore (Rs 1,783.07 crore).

The board of the company has recommended a 100 per cent dividend, subject to the approval of the members. This is the third consecutive year that the company has recommended 100 per cent dividend, said a press release.

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