MRF pays 90 p.c. final

By Our Corporate Reporter

CHENNAI, DEC. 22. The directors of MRF recommended a final dividend of 90 per cent for the year ended September 30, 2000. With the two interim dividends of 30 per cent each paid earlier, the total works out to 150 per cent.

Despite worst recessions faced by the tyre industry the company has reported a rise in turnover to Rs. 2,352.18 crores in the year under reference from Rs. 2,308.25 crores. Exports have risen by 14.5 per cent to Rs. 173.29 crores from Rs. 151.29 crores.

The net profit before depreciation and taxation was Rs. 204.18 crores against Rs. 252.32 crores.

Send this article to Friends by E-Mail

Section  : Business
Previous : Sensex falls on rumours of payment crisis
Next     : Fiscal responsibility - more than arithmetic