TVS Electronics registers total income of Rs 265.73 crore

Chennai, Jun 29 (UNI) TVS Electronics reported total income of Rs 265.73 crore for the financial year 2006 as against Rs 317.40 crore for the 15 month period, with respect to previous fiscal, a company release said today.

Announcing the audited annual results for the financial year ended March 31 this year, the release said the profit after tax was Rs 3.17 crore for the financial year 2005-06 as against Rs 4.01 crore the previous year.

The board also recommended a dividend of 7.5 per cent for the year ended March 31, 2006.

The company generated net cash from operations of Rs 13.67 crore and utilized cash for further capital expenditure program of over Rs. five Crore and also used surplus cash for reducing its borrowings by Rs 6.7 crore during the year.

UNI GV AJ 1803