Swasti Vinayaka recommends 1:2 bonus share

Mumbai, Aug 1 (UNI) Swasti Vinayaka Gems Corporation has recommended bonus shares in the ratio 1:2 for this calendar year.

The company had also glso given bonus shares in the ratio 3:5 last year.

Swasti has also paid dividend for three consecutive years, at the rate of 40 per cent for 2005, 35 per cent for 2004 and 30 per cent 2003.

In a statement here today, company's Executive Director Dinesh Poddar said the company has shown impressive result for first quarter ended June 30, and the net sales have gone up to Rs 3.87 crore, as against Rs 3.81 crore for the corresponding period of last year. It has recorded a net profit of Rs 34.95 lakh, as compared Rs 19.46 lakh in the same period last year.

The company has recently purchased a new office premises at Tantia Jogani Industrial Estate at Lower Parel here, Mr Poddar added.

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