DCW Board recommends 15 pc dividend

Mumbai, May 23: The Board of Directors of DCW Limited has recommended a dividend of Re 0.30 per share of Rs 2 each (15 per cent) for FY 06, stated a press release issued here today.

A diversified manufacturer of basic chemicals, DCW Limited has reported an 82.40 per cent rise in its net profit at Rs 9.88 crore for the quarter ended March 2006 as compared to Rs 5.42 crore in the corresponding quarter the previous year.

Net sales from operation for the quarter stood at Rs 169.55 crore as against Rs 193.95 crore during the same period in the previous year.

For FY 06, the Company registered a 29.65 per cent growth in net profit at Rs 27.27-crore as against Rs 21.03-crore in the previous year. Net sales from operations stood at Rs 613.91-crore compared to Rs 675.12-crore in FY 05.

UNI