Rama Paper Mills declare 5% dividend
Rama Paper Mills declare 5% dividend The members of Rama Paper (Q, N,C,F)* Mills, at the annual general meeting (AGM) held on Sep. 25, 2007, declared dividend of 5% on equity shares and 6% on preference shares. Net sales for the quarter rose 1.79% to Rs 213.19 million compared with the corresponding quarter, a year ago. Shares of the company were l ast trading down Rs 0.65, or 2.27%, at Rs 28.00. The total volume of shares traded at the BSE was 27,960.(3.29 pm, Tuesday)
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The company announced a steady growth in net profit for the quarter ended June 2007. During the quarter, the company reported a 10.04% rise in profit to Rs 21.27 million from Rs 19.33 million in the same quarter last year.
