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Gini Silk Mills declares interim dividend of 7.5%

16
Mar '07
Gini Silk Mills has declared an interim dividend of Re 0.75 per share of Rs10 each, aggregating to Rs4,194,450 on paid up capital of the company.

The decision for the interim dividend was taken by Board of Directors of Gini Silk Mills at its meeting held on Mar 13, 2007.

The company has registered a 45.51 percent decline in net profits at Rs0.85 million for the quarter ended December 2006, as against Rs1.56 million during corresponding quarter in previous year.

Company's sales for this period declined marginally by 3.65 percent at Rs47.56 million as against Rs49.36 million during corresponding quarter in previous year.

Gini Silk Mills is engaged in textile business which includes activities like dyeing, bleaching and printing synthetic fabrics, polyester cotton fabrics, and synthetic woven fabric.





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