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Muthoot Capital Services profit up
Special Correspondent
KOCHI: The board of directors of Muthoot Capital Services Limited has recommended a dividend of 20 per cent for the financial year ended March 21, 2009. The board has also decided to go in for a rights issue of the equity shares of the company at 1:1 at a premium to be decided as per regulatory guidelines.
It decided to recommend to the annual general meeting for increase of authorised share capital of the company from Rs.7 crore to Rs.15 crore to facilitate the rights issue.
The net profit of the company increased from Rs.400.15 lakh to Rs.541.75 lakh, recording a growth of 35.39 per cent, compared to last year’s figures.
The total income registered a growth of 41.88 per cent from Rs.1,225.40 lakh to Rs.1,738.61 lakh, according to a press release.
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