Date:10/05/2008 URL: http://www.thehindu.com/2008/05/10/stories/2008051054971600.htm

Business - Briefly

60 % final from Elgi Equipment

CHENNAI: Elgi Equipment has recommended a final dividend of 60 per cent, making with the interim, a total of 120 per cent for the year ended March 31, 2008. The company has paid 100 per cent in the previous year. The company recorded a profit after tax of Rs. 41.90 crore against 23.40 crore, an increase of 79 per cent over the correspondent period in 2006-07. Sales have risen by 33 per cent to Rs. 504 crore from Rs. 378.50 crore. — Corporate Reporter