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Blue Star recommends dividend and stock split

MUMBAI: Blue Star has recommended a dividend of Rs. 12 per equity share for the year ended March 31, 2006 against Rs. 10 per equity share. The company has informed the Bombay Stock Exchange that the company would also be sub-dividing the equity shares of Rs. 10 each into five equity share of Rs.2 each. The company has reported a net profit of Rs. 48.90 crore against Rs. 39.16 crore in 2004-05. Net sales were higher at Rs. 1,174.56 crore against Rs. 920.77 crore.

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