B N Rathi Securities declares 12% dividend
B N Rathi Securities declares 12% dividend >The members of BN Rathi Securities, at the 21st annual general meeting (AGM) of the company held on Sep. 14, 2007, approved the declaration of the dividend at 12%, or Rs 1.20 a share on the equity shares of Rs 10 each. BN Rathi Securities reported a steep drop of 29.96% in net profit for the quarter ended in June 2007. During the quarter, the company reported fall in profit to Rs 1.66 million from Rs 2.37 million in the same quarter last year. Sales for the quarter declined 2.45% to Rs 9.16 million compared with the corresponding quarter, a year ago.
Shares of the company declined Rs 1.4, or 4.91%, to settle at Rs 27.1. The total volume of shares traded was 1,560 at the BSE.(Tuesday)
