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Godavari Fertilisers raises dividend

HYDERABAD: Godavari Fertilisers and Chemicals reported improved performance during 2005-06. The turnover was Rs. 1,520 crore against Rs. 1,200 crore, an increase of 27 per cent. The profit before interest, depreciation and tax was Rs. 68.32 crore, up 36 per cent. The profit after tax was Rs. 26.10 crore, posting a growth of 53 per cent.

The board has recommended an increased dividend of 20 per cent against 10 per cent.

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