Date:26/10/2004 URL: http://www.thehindubusinessline.com/2004/10/26/stories/2004102601740300.htm

Back Monnet Ispat net climbs; declares 25 pc interim

Our Bureau

NEW DELHI: Monnet Ispat Ltd announced an improved turnover of Rs 184.1 crore for the period July-September this year as compared to Rs 52.7 crore during the corresponding period in the previous year.

The company's net profit touched Rs 29.1 crore during the quarter as against Rs 9 crore recorded during the corresponding period last year. It reported a cash profit of Rs 37.3 crore (Rs 10.4 crore) for the period, and has declared an interim dividend of 25 per cent.