Elantas Beck rallies on dividend bounty
The company announced a total dividend of Rs 92 per equity share of Rs 10 each for the year 2012.
Elantas Beck India has rallied 7% to Rs 665 after the company announced a total dividend of Rs 92 per equity share of Rs 10 each for the year 2012.
“The board of directors of the company at its meeting held on February 27, 2013, has proposed to recommend a payment of a normal dividend of Rs 4.50 per equity share and a special dividend of Rs 87.50 per equity share, of Rs 10/- each, for the year 2012,” Elantas Beck said in a statement.
Meanwhile, the company engaged in commodity chemicals business has reported 15% year-on-year (yoy) growth in net profit at Rs 6.44 crore for the fourth quarter ended December 31, 2012. Total income from operations however, declined marginally to Rs 67.95 crore from Rs 68.81 crore during the recently concluded quarter.
The stock opened at Rs 660 and has seen around 15,000 shares changing hands on the counter on BSE.
“The board of directors of the company at its meeting held on February 27, 2013, has proposed to recommend a payment of a normal dividend of Rs 4.50 per equity share and a special dividend of Rs 87.50 per equity share, of Rs 10/- each, for the year 2012,” Elantas Beck said in a statement.
Meanwhile, the company engaged in commodity chemicals business has reported 15% year-on-year (yoy) growth in net profit at Rs 6.44 crore for the fourth quarter ended December 31, 2012. Total income from operations however, declined marginally to Rs 67.95 crore from Rs 68.81 crore during the recently concluded quarter.
The stock opened at Rs 660 and has seen around 15,000 shares changing hands on the counter on BSE.