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Madras Cements' profit zooms

CHENNAI: Madras Cements has posted a net turnover, including other income, of Rs. 408.94 crore for the quarter ended September 30, 2006, against Rs. 247.11 crore in the corresponding period of the previous year, an increase of 65 per cent. The operating profit rose to

Rs. 159.97 crore from Rs. 52.39 crore. The profit after taxation has risen sharply to Rs. 90.07 crore from Rs. 18.81 crore. The board of directors of the company, at its meeting held on October 30, has declared an interim dividend of 75 per cent (Rs. 7.50 per share of Rs. 10 each) for 2006-07, the record date being November 6.

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