Date:18/05/2008 URL: http://www.thehindu.com/2008/05/18/stories/2008051855671500.htm

Business

Redington recommends 35 % dividend

Corporate Reporter

CHENNAI: A leading supply chain service provider in digital printing category, Redington India, has reported a total income of Rs. 5,780.28 crore in the 12 months ended March 31, 2008, against Rs. 4,717.11 crore in the corresponding period in the previous year. The profit after tax was Rs. 67.11 crore against Rs. 42.42 crore.

The company has recommended a dividend of 35 per cent for the year against 25 per cent previously.

On a consolidated basis, total income was Rs. 10,883.81 crore (Rs. 9,064.87 crores) and the net profit was Rs. 136.07 crore (Rs. 101.70 crore).

S. V. Krishnan, Chief Financial Officer, Redington India, told The Hindu that the company had acquired the Delhi-based Easyaccess in January this year and invested Rs. 80 crore so far in this company. Easyaccess, now a 100 per cent subsidiary of the company, was an RBI registered NBFC focussing initially on the commercial finance space of the information technology products supply chain.

The company is organising Digital Expo 2008, an exhibition for IT, consumer electronics and telecom products, between May 16 and 18 at Chennai Trade Centre.