ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Kanoria Petroproducts

Rs 49.70 crore against Rs 43.50 crore previously, the company has earned a gross profit.of Rs 2.24 crore against Rs 1.82 crore. Although tax liability has taken away considerably more, net profit is higher at Rs 103 lakh (Rs 91 lakh). The directors have stepped up dividend by 5 points to 30 per cent on enlarged capital. The 'rights' equity shares of Rs 75 lakh are eligible for dividend pro rata from the date of allotment. The proposed dividend will absorb Rs 26 lakh (Rs 9 lakh) and is covered 3.96 times (10.11) by earnings.

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