Uflex approves 20% dividend
Uflex approves 20% dividend The members of Uflex, at its meeting held on Sep. 13, 2007, approved 20% final dividend. Total dividend paid for the year now stands at 40% >as the company already paid 20% interim dividend in March 2007. The companyannounced a phenomenal jump in net profit for the quarter ended June 2007. During the quarter, the company reported a 60.69% rise in profit to Rs 134.50 million from Rs 83.70 million in the same quarter last year. Net sales for the quarter rose 16.12% to Rs 3,147.60 million compared with the corresponding quarter a year ago.
Shares of the company closed down Rs 3.75, or 2.03%, at Rs 181. The total volume of shares traded at the BSE was 16,465. (Friday)
