Linc Pen & Plastics today said it has posted a steep dip in net profit at Rs 17.39 lakh for the quarter ended June 30, 2011.
The company had posted a net profit of Rs 1.39 crore for the same period previous fiscal, Linc Pen & Plastics said in a filing to the Bombay Stock exchange (BSE).
Net sales of the company for the quarter ended June 30, 2011 stood at Rs 58.68 crore as against Rs 54.33 crore for the quarter ended June 30, 2010.
In another filing to the BSE, the company said it's board has recommended a dividend of Rs 1.80 per equity share (18% on equity shares).
Linc Pen & Plastics is a leading manufacturer and exporter of writing instruments.
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