Business - Briefly

Walchandnagar Industries recommends 50 %

MUMBAI: Walchandnagar Industries has recommended a dividend of 50 per cent on equity shares of Rs. 2 each, that is, Re. 1 per share. The company has reported a net profit of Rs. 11.21 crore on a turnover of Rs. 243.93 crore in the three months ended September 30, 2008 against Rs. 11.40 crore and Rs. 194.50 crore respectively in the year-ago period, according to the company’s filing to the Bombay Stock Exchange.

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