Finolex FY05 net up 6%

Finolex Industries has reported a 6% increase in net profit at Rs 95.92 crore for the year ended March 31, 2005 as against Rs 90.16 crore in FY04.

According to a release issued by the company to the BSE today, total income increased to Rs 858.39 crore for the year ended March 31, 2005 from Rs 747.41 crore in FY04.

The company reported a net profit of Rs 27.65 crore for the fourth quarter ended March 31, 2005 as against Rs 35.78 crore in Q4FY04. Total income increased to Rs 248.82 crore for the quarter ended March 31, 2005 from Rs 209.17 crore in Q4FY04, the release added.

The board has recommended a dividend of 30% i.e Rs 3 per share.