Madras Cements net up 120%

Madras Cements registered a net profit of Rs 22.92 crore in the fourth quarter of 2004-05, up by 120.80 per cent as compared to the previous year's fourth quarter net profit of Rs 10.38 crore.

The company's board recommended a final dividend of 40 per cent on equity shares (face value Rs 10). The total dividend for the year, including interim dividends, stands at 100 per cent.

Net sales for the quarter was Rs 208.13 crore, up by 8.67 per cent as compared to previous year fourth quarter net sales of Rs 191.52 crore.

Net profit for 2004-05 was Rs 55.92 crore, up by 67.42 per cent as compared to previous year's net profit of Rs 33.40 crore.