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Corporate Results - Foods & Food Processing
GAEL operating profit up 38%

Ahmedabad, July 31

Gujarat Ambuja Exports Ltd (GAEL) posted an operating profit of Rs 43.40 crore (Rs 31.52 crore) up 38 per cent for the quarter ended June 30. Driven by the agro processing division, the company reported a turnover of Rs 438.13 crore (Rs 353.93 crore), an increase of 24 per cent. The company's starch plant at Uttarakhand is expected to achieve 100 per cent capacity utilisation by October. The board of directors recommended a final dividend of 20 per cent a year for the current financial year. The total dividend for the year is 40 per cent. - Our Bureau

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