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Castrol pays 120 pc dividend
ENS ECONOMIC BUREAU
MUMBAI, Feb 6: Castrol India has once again recorded excellent results for the year ended December 1997. With the company showing substantial growth in both volumes and operating profit, the directors have announced a final dividend of Rs 8 (80 per cent) per share. The total dividend therefore works out to Rs 12 (120 per cent) per share, including Rs 4 per share paid as interim dividend.The sales and other income during the year has increased to Rs 1,010.78 crore from Rs 905.57 crore for the previous year, showing an increase of 11.6 per cent. The gross profit after interest has risen by 39.7 per cent to Rs 212.46 crore from Rs 152.12 crore in 1996. The profit before tax was higher at Rs 205.66 crore compared to Rs 147.63 crore of previous year whilst profit after tax amounted to Rs 158.16 crore compared to Rs 94.53 crore of previous year, showing an increase of 67.3 per cent. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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