Vipul Dye board allots 2 mn warrants
Vipul Dye board allots 2 mn warrants >The board of directors of Vipul Dye Chem, (Q, N,C,F)* at its meeting held on Sep. 14, 2007, issued and allotted 2 million warrants convertible into equal number of equity shares of Rs 10 each of the company on preferential basis.
Vipul Dye Chem disclosed a phenomenal jump in net profit for the quarter ended June 2007. During the quarter, the company`s profit rose 5.79 times to Rs 1.39 million from Rs 0.24 million in the same quarter, last year.
Sales for the quarter rose 44.36 % to Rs 38.14 million compared with the corresponding quarter, a year ago.
Shares of the company gained Rs 0.8, or 4.97%, to settle at Rs 16.89. The total volume of shares traded was 1,950 at the BSE. (Friday)
