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Corporate Results - Cement
Corporate - Dividend Announcement
Birla Corp to pay 40%

Kolkata, May 9

The board of directors of Birla Corporation Ltd has recommended a dividend of 40 per cent (Rs 4 on equity shares of the face value of Rs 10 each) on the company's operations during the year ended March 31, 2008. The company has recorded a net profit of Rs 393.57 crore in 2007-08, up from Rs 326.23 crore in 2006-07. According to a press release issued by the company, the profit before tax in 2007-08 was Rs 551.18 crore (Rs 461.74 crore). The total income stood at Rs 1,763.05 crore (Rs 1,593.41 crore). - Our Bureau

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