Micro Inks has posted a 155% jump in net profit to Rs 66.22 crore for the year ended March 31, 2005 as compared to Rs 25.98 crore for the year ended March 31, 2004. Total income (net of excise) has increased 19.56% from Rs 795.07 crore in FY-04 to Rs 950.60 crore for the year ended March 31, 2005.According to a release issued by Micro Inks to the BSE, the company has reported a 46.87% increase in net profit of Rs 107.57 crore for the year ended March 31, 2005 as compared to Rs 73.24 crore in the previous year. Total income has increased to Rs 844.65 crore for the year ended March 31, 2005 from Rs 632.34 crore in 2003-04, it said. The company has posted a 3.61% dip in its unaudited net profit to Rs 26.4 crore for the fourth quarter ended March 31, 2005 as compared to Rs 27.4 crore in thecorresponding quarter last year.Total income has increased 34.72% to Rs 234.67 crore for the fourth quarter against Rs 174.19 crore in the year-ago period.The board of directors have recommended a 60% dividend on the equity capital aggregating to Rs 17.02 crore including corporate dividend tax of Rs 2.09 crore for the year ended March 31, 2005, the release said further.
