Sakthi Sugars board recommends 15% dividend
Sakthi Sugars board recommends 15% dividend The board of directors (BoD) of Sakthi Sugars, (Q, N,C,F)* at its meeting held on Sep. 27, 2007 recommended dividend of 15% on shares of face value Rs 10 each. >Sakthi Sugars is promoted by the Sakthi group. The group`s principal activities are manufacturing and marketing of crystal sugar, industrial alcohol, iron castings, soya products, sunflower oil, molasses, fertilizers, chemicals, seeds, bio earth and other industrial products. It also publishes magazines. Sakthi Sugars, announced steep drop of 73.48% in net profit for the quarter ended March 2007. During th e quarter, the company reported fall in profit to Rs 90.59 million from Rs 341.63 million in the corresponding quarter, last year. Net sales for the quarter declined 13.76% to Rs 2,062.44 million, compared with the corresponding quarter, a year ago.
Shares of the company were last trading up Rs 0.1, or 0.11%, at Rs 88.15. The total volume of shares traded was 110,103 at the BSE. (1.35 p.m, Thursday)
