Finolex Q4 net up at Rs 17.45cr

New Delhi, Apr 14 (UNI) Finolex Industries today posted a jump of 1.8 per cent in net profit at Rs 17.45 crore for the quarter ended March 31, 2007 as compared to Rs 15.36 crore last year.

Total income (net of excise) has increased by 41.8 per cent at Rs 316 crore from Rs 222.7 crore for the quarter ended March 31, 2007 as compared to the corresponding period last year.

The company's Board of Directors also recommended a dividend of 30 per cent for the year ended March 31, 2007.

The annual net profit of the company went up 65.2 per cent at Rs 69.88 crore as compared to Rs 42.3 crore for the year ended March 31, 2006.

Total income (net of excise) during 2006-07 increased 29.79 per cent to Rs 1,071.5 crore for the year ended March 31, 2007 from Rs 771.6 crore last year.

Finolex Industries' Assistant Managing Director Saurabh S Dhanorker said, ''The company has achieved an all round growth during the year under review. Both topline and bottomline have shown positive growth.'' ''The outlook for the current year is positive as demand from agricultural sector as well as construction industry is expected to keep growing,'' he said.

UNI