Financial Daily from THE HINDU group of publications
Friday, May 27, 2005
Financial Daily from THE HINDU group of publications Friday, May 27, 2005 |
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Corporate Results
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Engineering Igarashi Motors net up at Rs 3.16 cr, to pay 15% Our Bureau
Chennai , May 26 BUOYED by `other income' of Rs 6.26 crore, comprising mainly the profit on sale of investment in a wholly owned subsidiary, Igarashi Motors India Ltd has reported a higher net profit of Rs 3.16 crore for the year 2004-05, compared with Rs 1.84 crore in the previous year. In 2003-04 too, it was the `other income' of Rs 7.80 crore which got the company a net profit — the company had made an operating loss of Rs 4.84 crore for the year. In 2004-05, Igarashi Motors was able to pare operating loss to Rs 2.44 crore. The company's board has recommended a dividend of Rs 1.50 a share (15 per cent) for 2004-05, against Rs 1.20 (12 per cent) for the previous year. Earnings per share for 2004-05 stood at Rs 2.66 compared with Rs 1.55 for the previous year.
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