Date:03/08/2004 URL: http://www.thehindubusinessline.com/2004/08/03/stories/2004080301461905.htm

Back Apollo Tyres dividend

Our Bureau

THIRUVANANTHAPURAM: The Thrissur-based Apollo Tyres has returned to the State Government a dividend of Rs 45 lakh for 2003-04. The State Government owns 10 lakh shares in the company, which had posted a net profit of Rs 70 crore during the period.

Disclosing this, an official spokesman said here that the Finance Minister, Mr K. Sankaranarayanan, received a cheque for the amount of dividend from Mr N. Sreekumar, head of the Perambra unit of the company, at a simple ceremony held at the Minister's Chamber here.