HUL quarterly net 23.5 pc, announces 300 pc dividend

Mumbai, Feb 13 (UNI) India's largest consumers goods maker Hindustan Unilever today announced a 23.5 per cent increase in its net profit for the quarter ended December 2007.

Despite its supply chain disrupted due to some on going problems at some of its plants in the quarter, the company was able to register a good growth due to price increase and strong sales of its premium skincare and haircare products, the company said here today.

Company's net profit rose to Rs 631.44 crore in fourth quarter from Rs 511 crore a year earlier. Its net sales grew by 16.8 per cent to Rs 3,687.40 crore during the period.

Meanwhile, the board of directors also cleared a final dividend of 300 per cent, Rs 3 per share of Re 1 each. The total dividend for the year ended December 31, 2007 including the proposed final dividend, amounts to Rs 9 per share of Re 1 each.

The final dividend was subject to approval of shareholders and will be paid to the shareholders on or after April 8, 2008, the company added.

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