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Sundaram Brake Linings pays 50 p.c. interim

CHENNAI: Sundaram Brake Linings has announced an interim dividend of 50 per cent (Rs. 5 per equity share) and has fixed the record date as February 2. The company has achieved net sales of Rs. 34.23 crore in the third quarter ended December 31, 2005 against Rs. 33.20 crore while the net profit was lower at Rs. 2.23 crore against Rs. 2.60 crore in the year-ago period. Interest charges increased to Rs. 5.85 crore from Rs. 3.91 crore on account of capital expenditure financing through term loan.

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