Financial Daily from THE HINDU group of publications
Tuesday, May 24, 2005
Financial Daily from THE HINDU group of publications Tuesday, May 24, 2005 |
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Corporate Results
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Automobile Components L.G. Balakrishnan earnings cross Rs 400-cr mark Our Bureau
Coimbatore , May 23 L.G. Balakrishnan & Bros Ltd (LGB) has seen its net sales/income from operations cross the Rs 400-crore mark during 2004-05. The company's board, which met here on Monday, recommended a final dividend of 30 per cent, which is in addition to the interim dividend of 50 per cent paid already (share face value Re 1). According to the audited financial results, the net sales/income from operations in the fourth quarter of 2004-05 was Rs 120.47 crore compared with Rs 91.05 crore in the corresponding period in 2003-04. Net profit in the fourth quarter was Rs 4.92 crore (Rs 2.16 crore). For 2004-05, the net sales/income stood at Rs 408.36 crore compared with Rs 298.33 crore in the previous fiscal. Net profit for the year was Rs 16.49 crore (Rs 13.61 crore). The EPS was Rs 2.10 (Rs 1.73)
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