Sukhjit Starch declares 40% dividend

Sukhjit Starch declares 40% dividend

>The members of Sukhjit Starch and (Q, N,C,F)* Chemicals, at the 63rd annual general meeting (AGM) of the company held on Sep. 12, 2007, approved the declaration of dividend of 40% for the year ended Mar. 31, 2007.

Sukhjit Starch and Chemicals disclosed a phenomenal jump in net profit for the quarter ended  June 2007. During the quarter, the company`s profit rose 2.27 times to Rs 59.79 million from Rs 26.37 million in the same quarter last year.

Sales for the quarter rose 23 .34% to Rs 437.68 million compared with the corresponding quarter, a year ago.

Shares of the company gained Rs 0.5, or 0.33%, to settle at Rs 149.95. The total volume of shares traded was 5,145 at the BSE.(Monday)

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