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India Glycols Announces 30% Dividend For Shareholders

Gaurav Mehra 19 September 2007

At the company’s 23rd Annual General Meeting (AGM) held on Aug. 25, the members of India Glycols have sanctioned the announcement of dividend at 30%, or Rs 3 per share of the value of Rs 10 each.

India Glycols has declared a fantastic jump in its net earnings for the quarter ended June 2007. The company’s income climbed 2.97 times to Rs 356.30 million in the quarter from Rs 120.10 million in the corresponding quarter, last year.

The company’s net sales for the quarter arose 6.33% to Rs 2,712.10 million as against the corresponding quarter, a year ago.

Yesterday, the company’s shares rose 3.12% to Rs 235.00. The total volume of shares traded stood at 55,668 at the Bombay Stock Exchange (BSE).

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