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HYDERABAD: Pitti Laminations Ltd has posted a net profit of Rs 2 crore on a turnover of Rs 23.1 crore for the second quarter of the current fiscal ended September 2005, against a net profit of Rs 1.57 crore on a turnover of Rs 11.69 crore in the corresponding quarter last fiscal.

The board has recommended an interim dividend of 10 per cent for 2005-06. It has fixed October 31 as the record date for this.

The company has raised equity funds on a preferential allotment of 3.9 lakh shares to promoters and 12 lakh shares to non-promoters. EPS for the quarter under review stood at Rs 2.55 (Rs 2.53) on the enhanced capital of Rs 7.83 crore (Rs 6.24 crore).

For the first half of this fiscal, the company posted a net profit of Rs 3.49 crore (Rs 2.77 crore) on a turnover of Rs 38.91 crore (Rs 20.15 crore), yielding an EPS of Rs 4.9 (Rs 4.45).

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Pitti Laminations net at 2 cr

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