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Cholamandalam declares 50 p.c.

CHENNAI: Cholamandalam Investment and Finance has declared a dividend of 50 per cent for the year ended March 31, 2005. The company has achieved a net profit of Rs. 34.07 crores against Rs. 32.10 crores. Income from operations was Rs. 214.64 crores against Rs. 226.34 crores. The profit before tax is higher at Rs. 51.56 crores against Rs. 47.59 crores.

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