India Glycols declares 30% dividend
India Glycols declares 30% dividend >The members of India Glycols (Q, N,C,F)* at the 23rd Annual General Meeting (AGM) of the company held on Aug. 25, 2007 have approved the declaration of dividend at 30%, or Rs 3.00 a share, of the value of Rs 10 each.
India Glycols disclosed a phenomenal jump in net profits for the quarter ended in June 2007. During the quarter, the company rose 2.97 times to Rs 356.30 million from Rs 120.10 million in the corresponding quarter last year.
Net sales for the quarter rose 6.33% to Rs 2,712.10 million compared with the corresponding quarter, a year ago.
Shares of the company gained Rs 7.10, or 3.12% ,to trade at Rs 235.00. The total volume of shares traded was 55,668 at the BSE.(1.49 p.m ,Tuesday ).
