Financial Daily from THE HINDU group of publications
Monday, May 30, 2005
Financial Daily from THE HINDU group of publications Monday, May 30, 2005 |
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Corporate Results
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Gems & Jewellery Vaibhav Gems net profit up 58% Our Bureau
Mumbai , May 29 VAIBHAV Gems Ltd (VGL), a vertically integrated gems and jewellery manufacturing and marketing company, has declared a dividend of 25 per cent (Rs 2.50 per equity share) for the financial year 2004-05. The net profit for the 2004-05 financial year increased 58 per cent to Rs 15.10 crore (Rs 9.55 crore in 2003-04) while sales increased 27 per cent to Rs 167.71 crore (Rs 131.78 crore). The company has also taken the final step for backward integration by setting up an in-house diamond manufacturing and polished unit for captive consumption in manufacturing jewellery for export. The unit has already been successfully started and commercial production has also been commenced.
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