20% Payout From Fin Arm

Jenson & Nicholson Financial Services, the financial services arm of the paints major Jenson & Nicholson, has announced a 20 per cent dividend after their board meeting on Tuesday.

The company suffered a 72 per cent drop in the net profit from Rs 3.16 crore in 1995-96 to Rs 86.18 lakh in 1996-97.