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Our Bureau

Kolkata , Jan. 30

THE board of directors of Berger Paints India Ltd on Friday approved the issue of bonus shares in the ratio of one bonus share for every two ordinary equity shares held in view of the sustained growth in the performance of the company.

Sales for the third quarter ended December 31, 2003, grew 11.4 per cent to Rs 199.27 crore compared to Rs 178.83 crore in the same period last year. The profit before tax rose 28 per cent to Rs 16.96 crore (Rs 13.25 crore) and profit after tax by 25.2 per cent to Rs 12.09 crore (Rs 9.66 crore).

Cumulative sales for nine months amounted to Rs 584.5 crore, up by 13.6 per cent and the profit after tax was at Rs 32.1 crore, up by 32.4 per cent.

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