A meeting of the board of directors of MRF will be held Dec. 14, 2007 to consider recommendation of final dividend, if any.
The board at the same meeting will also consider, approve and publish the annual audited results for the year ended Sep. 30, 2007, along with the figures for the last quarter ended Sep. 30, 2007.
MRF reported a phenomenal jump in net profit for the quarter ended June 2007. During the quarter, the company`s net profit climbed 5.20 times to Rs 425 million from Rs 81.70 million in the same quarter, last year.
Net sales for the quarter surged 13.94% to Rs 11,334.30 million when compared with the corresponding quarter, a year ago.
Shares of the company gained Rs 105.1, or 1.57% to trade at Rs 6,785. The total volume of shares traded was 1,832 at the BSE. (12.57 p.m., Monday)
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