PKF records Rs 178 cr turnover,declares 10 percent dividend

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Jalandhar Sep 8 (UNI) PKF Finance, which recorded a turnover of over Rs 178 crore, today declared a dividend of 10 per cent for the financial year of 2007-08 for the shareholders.

The net owned funds have increased to Rs 22.8 crore till March this year and profit was more than Rs four crore, out of which Rs 1.37 had been paid as Income tax, said Managing Director Alok Sondhi at the annual meeting of shareholders here.

Mr Sondhi said that an amount of Rs 94 lakhs was being paid as dividend for the year and leading rating agency 'CRISIL' has recently rated company's fixed deposits with F.A (Adequate Safety).

The company's operations were spread in Punjab, Haryana, Chandigarh, Himachal Pradesh and Delhi and besides trucks, company was also undertaking financing of all kinds of moveable assets, it too accepts public deposits, has larger interest in sharing broking, forex, lockers, insurance, automobile tyres and lubricants, Joint Managing Director Vivek Sondhi said.

Company would issue Right issue for its shareholders and soon launch IPO as well, he said.

UNI XC JN MMS1608

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