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Madras Cements pays interim

CHENNAI: Madras Cements has reported higher and sales and profit in the half year ended September 30, 2009. Net sales have risen to Rs. 1,616.34 crore from Rs. 1,279.32 crore in the year-ago period. The net profit has increased to Rs. 308.30 crore from Rs. 227.54 crore. According to a release, the board has approved payment of interim dividend of Rs. 1.50 per share for 2009-10. The record date has been fixed as November 3. — Corporate Reporter

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