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Force Motors has reported a 2.98 per cent decline in its net profit for the year ended March 31, 2011, at Rs 58.62 crore against Rs 60.42 crore in the previous fiscal.
In a filing to the Bombay Stock Exchange, the company said net sales during 2010-11, however, increased by 54.93 per cent to Rs 1,480.45 crore from Rs 955.55 crore in FY’10.
The board has recommended a dividend of 50 per cent, which is Rs 5 per equity share of Rs 10 each, the filing said.
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