Raymond FY05 net down 34%

Raymond today reported a 34% decline in consolidated net profit at Rs 90.97 crore for the year ended March 31, 2005 as against Rs 137.65 crore in FY04.

According to a release issued by the company to the BSE today, total income increased to Rs 1,508.92 crore for the year ended March 31, 2005 from Rs 1,363.29 crore in FY04.

The board has recommended a dividend of 40% for FY05, the release added.