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Sundaram Brake pays 50 p.c. interim

CHENNAI: Sundaram Brake Linings has reported higher turnover and profits in the quarter ended December 31, 2004. Domestic sales were higher at Rs. 19.54 crores against Rs. 18.99 crores in the same period in 2003-04. Exports were up at Rs. 13.66 crores against Rs. 10.93 crores. The gross profit, before depreciation and interest charges, has increased to Rs. 5.13 crores from Rs. 4.87 crores. The net profit is higher at Rs. 2.60 crores against Rs. 2.35 crores.

The company has declared an interim dividend of 50 per cent for 2004-05. The payment for the whole of 2003-04 was 90 per cent.

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