Phillips Carbon Black declares interim dividend first time ever

At Rs 6 a share, it is also one of the highest in its recent history; payout: Rs 20.68 crore

For the first time in its history, Kolkata based RP-Sanjiv Goenka Group company, Phillips Carbon Black Limited, has declared an interim dividend that too, one of the highest in its recent history.

The company's Board, which met here on Wednesday, approved an interim dividend of Rs 6 per share which will involve a payout of Rs. 20.68 crore. However, the relevant tax to be paid is Rs.4.21 crore.

In the last fiscal year, the company had announced a final dividend of Rs. 2.50 per share.

During the first three quarters of the current Financial Year, the company's net sales amounted to Rs. 1523.78 crore with the net profit standing at Rs. 44.67 crore. The paid up equity share capital as on 31.03.2016 was Rs. 34.47 crore.

Phillips Carbon Black, which pioneered the manufacture of carbon black in India in the 1960s, continues to be India's largest manufacturer of carbon black with manufacturing facilities at Durgapur in West Bengal, Palej and Mundra in Gujarat and Kochi in Kerala.