Tuesday, June 17, 2008
Chettinad Cement board recommends 100% dividend
The board of directors of Chettinad Cement (Q, N,C,F)* Corporation, at
its meeting held on Jun. 17, 2008, has recommended a dividend of 100%
for the financial year ended Mar. 31, 2008, subject to approval of the
shareholders.
The company registered a 35.33% growth in net profit to Rs 364.30
million for the quarter ended March 2008 from a profit of Rs 269.20
million for the quarter ended March 2007.
Net sales rose 37.88% to Rs 2,577.90 million for the quarter ended
March 2008 from Rs 1,869.70 million for the quarter ended March 2007.
Shares of the company closed up Rs 16.9, or 3.5%, to settle at Rs 500.
The total volume of shares traded at the BSE was 581
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