UB Holdings announced Interim dividend of 5 pc

Bangalore, Apr 29: United Breweries (Holdings) Limited has reported a net profit of Rs.428.85 crore for the year ended 31st March 2006 on a turnover of of Rs.677.86 crore and has announced a 1:1 bonus issue.

The Board which took into account the unaudited financial results for the year also announced a five per cent interim dividend.

A company release here said the Board has also recommended issue of 29,720,949 bonus equity shares of Rs.10 each out of the security premium account set free for distribution amongst the shareholders in the proportion of 1:1 for every equity share held, on the record date to be decided by the Board.

Consequently, the paid up capital of the company will increase from Rs.29,720,949 to Rs.59,441,898 fully paid up equity shares of Rs.10 each.

The Company had reported a turnover of Rs.1980.37 crore for 2004-05 with a profit of Rs.72 lakhs.

The turnover in 2005-08 included Rs. 41.60 Crore on sale of shares of a wholly owned subsidiary UB Holdings (SA) Pty Limited and Rs. 424.97 Cr on sale of 2,298,370 equity share of M/s. Aventis Pharma Limited to the wholly owned subsidiary M/s. Kingfisher Radio Limited.

UNI