Shree Bhawani members approve dividend
Shree Bhawani members approve dividend >The members of Shree Bhawani Paper Mills, at the 28th annual general meeting (AGM) of the company held on Sep. 24, 2007, approved the declaration of dividend of 8%, or Rs 0.80 a share on fully paid equity shares of Rs 10 each. Further they approved the accounts for the year ended Mar. 31, 2007.
Shree Bhawani Paper Mills has disclosed a steep drop of 66.1% in net profit for the quarter ended in June 2007. During the quarter, the company experienced fall in profit to Rs 2.00 million from Rs 5.90 million in the same quarter last year.
Sales for the quarter rose 16.08% to Rs 125.60 million compared with the corresponding quarter, a year ago.
Shares of the company gained Rs 0.25, or 2.04%, to settle at Rs 12.5. The total volume of sha res traded was 7,413 at the BSE.(Monday)
