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

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SHREE CEMENT-Improved Performance

to Rs 46 crore. Alter providing Rs 14.69 crore for depreciation and Rs 35 crore for taxation, net profit was Rs 74.77 crore. Exports increased from Rs 67.77 crore to Rs 81.11 crore.The directors have recommended a dividend of 45 per cent against 40 per cent for the previous year. A bonus issue has also been recommended to reward shareholders, keeping an eye on the large capital raising programme to he undertaken by the company over the next three years. The bonus issue will result in the capitalisation of reserves to the extent of Rs 61.30 crore. According to analysts, the bonus issue is being offered as a sop to investors whose returns may be diluted following the massive expansion in the company's equity following the projected rights-cum-public issues.

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