100 per cent dividend for Emami shareholders

Kolkata, May 15: The Board of Directors of Emami, India's personal and healthcare major, has approved merger of the company's marketing and selling network.

Pending the approval of shareholders, the Board cleared the proposal for brining JS Marketing and Fin ance Limited and Emami Limited within one fold, company sources today said.

The Board also declared 100 per cent dividend for the share holders as the company reported a 68 per cent jump in net profit and 37 per cent increase in turnover for the year ended March 31, 2006.

While the net profit was Rs 49.4 crore the turnover was Rs 301 crore as against the previous year's Rs 29.4 crore and Rs 219 crore respectively.

The sources said Emami's international business recorded a growth by 44 per cent with good performance in the CIS, SAARC, GCC, African and European nations.

UNI