Century Textiles Q4 net declines 69 pc, dividend at 30 pc

Mumbai, May 04 (UNI) Century Textiles&Industries Ltd has posted a net profit of Rs 25.21 crore for the quarter ended March 31, 2006 as compared to Rs 42.54 crore for the quarter ended March 31, 2005, a fall of 68.74 per cent.

Announcing the results, the company said its total income (net of excise) has increased from Rs 695.86 crore in Q4 FY 04-05 to Rs 727.80 crore for Q4 FY 05-06.

It has posted a net profit of Rs 109.05 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 109.63 crore for the year ended March 31, 2005 (FY 04-05). Total Income (net of excise) has increased from Rs 2525.07 crore in FY 04-05 to Rs 2685.52 crore for FY 05-06.

The Board of Directors of the Company has recommended dividend @ 30 per cent on paid up Equity Share Capital for the year ended March 31, 2006 as against 25 per cent paid in the previous year on Equity Shares of Rs 10/- each. The dividend will be made payable on or after July 17, 2006.

UNI SN PM AW1525