VIP Industries Q4 net up 1 pc

New Delhi, June 4 (UNI) VIP Industries today reported a marginal jump in its net profit at Rs 3.80 crore for the quarter ending March 2007 as against Rs 3.76 crore for the same period last year.

Company's net sales rose 23 per cent to Rs 98.10 crore in comparison to Rs 79.90 crore during the said period.

The Board of Directors (BoD) recommended a dividend of Rs 2.50 per equity share for the period ending March 2007, as against Rs 2 per equity share the previous year, a statement said.

It also gave in-principle approval for the proposal of merger of Aristocrat Luggage Ltd and Quality Plastics Ltd with the company and formed a committee of directors for assessing the feasibility, appointment of valuers and recommendation of exchange ratio.

UNI