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Shasun Chemicals pays 75 p.c.
CHENNAI:
Shasun Chemicals and Drugs has announced a dividend of 75 per cent for the year ended March 31, 2005 against 60 per cent in 2003-04. The board has recommended the hike in foreign institutional holdings in the company to 30 per cent and split in face value of each equity share to Rs.2 from Rs. 10 after getting the approval of the shareholders. The company has registered a rise of 30.20 per cent in net profit at Rs. 31.04 crore against Rs. 23.94 crores. Gross revenue has risen to Rs. 337.33 crore from Rs. 277.42 crore. The operating profit ha increased to Rs. 69.22 crore from Rs. 53.67 crore.
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