MAN Industries net up 298.79 pc

{image-man industries_28062008.jpg news.oneindia.in}Mumbai, Jun 28: MAN Industries (India) Limited, leading pipe manufacturing company, reported a 28.79 per cent growth in Net Profit After Tax at Rs 71.21 crore for fiscal 2008 compared to Rs 55.29 crore the previous year.

The company has reported a growth of 32.39 per cent in Net Sales at Rs 1500 crore last year in comparison to Rs 1133 crore sales recorded in 2006-07. The company has declared dividend of 30 per cent for the year ended March 31, 2008. The Earning Per Share stood at Rs 13.37 per share compared to Rs 10.38 for the last financial year ending March 31, 2007.

For the last quarter it had sales of Rs 410.69 crore as against Rs 338.55 crore in the corresponding quarter last year. For the quarter ended March 31, 2008, the company has posted Profit after Tax at Rs 14.19 crore as against Rs 13.58 crore in the corresponding period of the previous year.

UNI