Our Bureau

Coimbatore, March 27

The board of directors of Gangotri Textiles Ltd has declared an interim dividend of 15 per cent (75 paise per share of Rs 5) for the current financial year. The dividend is payable on the enhanced capital of the company which had recently declared a 1:1 bonus issue. The dividend payout would involve an outgo of Rs 1.64 crore. The company in a release said that in the first nine months of the current financial year it has earned a net profit of Rs 6.28 crore (Rs 3.25 crore for the whole of last year).

(This article was published in the Business Line print edition dated March 28, 2006)
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