Essel Propack FY04 net up 13%

Essel Propack has reported a 13% increase in consolidated net profit at Rs 80.10 crore for the year ended December 31, 2004 as against Rs 70.60 crore for the year ended December 31, 2003 (FY03).

According to a release issued to the BSE today, total income increased to Rs 672 crore from Rs 584.80 crore in FY03.

The board has approved an interim dividend of 80% i.e Rs 8 per share for FY04.

The company has fixed February 15, 2005 as the record date for the payment of dividend, the release added.