Fiem Industries announced that a meeting of the board of directors of the company will be held on Aug. 29, 2008, to consider the recommendation of dividend and approve the annual accounts for the financial year 2007-08.
FIEM Industries registered a 9.84% decline in net profits of Rs 21.89 million for the quarter ended in June 2008 from a profit of Rs 24.28 million for the quarter ended in June 2007. Net Sales rose 9.71% to Rs 471.59 million for the quarter ended June 2008 from Rs 429.87 million for the quarter ended June 2007.
Shares of the company gained Rs 0.25, or 0.45%, to settle at Rs 55.9. The total volume of shares traded was 98 at the BSE (Tuesday).
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