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Seshasayee Paper pays Rs. 2.50 per share

CHENNAI: Seshasayee Paper & Boards has informed the Bombay Stock Exchange that the directors at their meeting held on June 10 have recommended a dividend of 25 per cent (Rs. 2.50 per share of Rs. 10). The company has reported a profit after tax of Rs. 17.91 crore for the year ended March 31, 2006, against Rs. 6.58 crore. Gross sales have risen to Rs. 469.25 crore from Rs. 432.12 crore. The operating profit is higher at Rs. 48 crore against Rs. 29.54 crore.

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