Subros approves 40% dividend
Subros approves 40% dividend The shareholders of Subros (Q, N,C,F)* at the annual general meeting (AGM) held on Sep. 24, 2007 approved dividend of 40% on equity capital of the company. The company announced a steady growth in net profit for the quarter ended June 2007. During the quarter, the company witnessed a 10.08% rise in profit to Rs 65.50 million from Rs 59.50 million in the same quarter last year. Net sales for the quarter ro se 11.39% to Rs 1,577.00 million compared with the corresponding quarter a year ago. Shares of the company closed down Rs 3.45, or 1.55%, at Rs 219.40. The total volume of shares traded at the BSE was 3,088. (Wednesday)
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They also approved sub-division of the existing fully paid-up equity shares of Rs 10 each into five fully paid-up equity shares of Rs 2 each.
