EIH declares 70% dividend
EIH declares 70% dividend >The members of EIH, (Q, N,C,F)* at its 57 th annual general meeting (AGM) held on Aug. 27, 2007, declared dividend of Rs 1.40 (70%) a share, as on Mar. 31, 2007. Further, the members authorized the board to borrow funds for the purpose of expanding the business.The funds burrowed shall not exceed Rs 6 billion over and above the company`s paid-up capital and its free reserves.
E I H , reported substant ial jump in net profit for the quarter ended June 2007. During the quarter, the profit rose 48.70% to Rs 367.00 million from Rs 246.80 million, in the corresponding quarter last year.
Net sales for the quarter rose 12.06% to Rs 2155.20 million compared with the corresponding quarter, a year ago.
Shares of the company declined Rs 3.95 , or 3.53%, to Rs 107.95. The total volume of shares traded were 24,532 at the BSE.(Friday ).
