Rishi Laser to pay Rs 2 dividend
Rishi Laser to pay Rs 2 dividend The members of Rishi Laser (Q, N,C,F)* Cutting, at its AGM held on Sep. 25, 2007, approved the payment of dividend of Rs 2 a share, for the financial year 2006-07. Rishi Laser reported a steady growth in net profits for the quarte r ended June 2007. During the quarter, the company reported a 12.66% rise in profits to Rs 8.01 million from Rs 7.11 million in the corresponding quarter last year. Net sales for the quarter rose 51.91%, to Rs 164.79 million compared with the corresponding quarter, a year ago. Shares of the company were last trading down Rs 3.30, or 3.69%, at Rs 86.10. The total volume of shares traded at the BSE 9,632. (02.53 p.m, Tuesday)
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Further, the members adopted the annual accounts for the year ended Mar. 31, 2007 and approved the ESOP scheme.
