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ITC recommends Rs. 20 per share

KOLKATA, MAY 28. ITC has reported a 19.68 per cent increase in net profit at Rs. 387.06 crores during the fourth quarter ended March 2004 against Rs. 323.42 crores whereas the net profit in the whole of 2003-04 surged 16.15 per cent to Rs. 1592.85 crores against Rs. 1371.35 crores.

The board has recommended a dividend of Rs. 20 per share (Rs. 15 per share).

Net income during the year increased to Rs. 6,695.32 crores from Rs. 6,035.37 crores while total expenditure jumped to Rs. 4,109.85 crores from Rs. 3,712 crores.

PTI

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