Trend Electronics informed that the board of directors of the company at its meeting held on February 25 recommended 5% dividend i.e., Re. 0.50 a share for the financial year ended Sept. 30, 2007.
The dividend is for the consideration and declaration by the members at the ensuing Annual General Meeting.
Trend Electronics has disclosed a weak growth in net profits for the quarter ended in December 2007. During the quarter, the company saw a 3.36% rise in profits to Rs 15.40 million from Rs 14.90 million in the same quarter last year.
Sales for the quarter rose 7.09% to Rs 2,192.70 million compared with the corresponding quarter, a year ago.
Shares of the company gained Rs 1.7, or 2.69%, to end at Rs 64.8. The total volume of shares traded was 1,184 at the BSE. (Monday)
Tuesday, February 26, 2008
Trend Electronics board recommends 5% dividend
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