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CAMLIN Buck Trend and Post IMPRESSIVE GROWTH
PROFIT AFTER TAX UP BY 59.53 %
NET SALES UP BY 32.44 %
DIVIDEND RECOMMENDED 30 %
Camlin Ltd.the country’s oldest & largest firm in Color & Stationery products on Friday 8th May 2009 announced a 32.44% growth in Net sales at Rs.28311.46 Lacs & 59.53% growth in profits after tax at Rs.611.47 lacs for the financial year ended March 2009.
Highlights
• Net Sales (2008-09) increased to Rs.28311.46 Lacs up by 32.44% as compared
to Rs.21377.48 Lacs for the corresponding last financial year (2007-08).
• Net Profit after Tax increased to Rs. 611.47 Lacs up by 59.53 % as compared to Rs.383.30 Lacs for the Corresponding last financial year.
· Directors recommends dividend of Re 0.30 per share on Face value of Re 1/-equivalent to 30% of the Paid up capital of the Company, subject to the approval of share holders at the AGM.
•Earnings Per Share for 2008-2009 reached at Rs.1.02 as against Rs.0.71 for the
Corresponding last year 2007-2008..
•Announcing these results, Mr. Dilip Dandekar, Chairman and Managing Director, stated, "Inspite of recession, we have kept our commitments & there is a robust jump in our top line & bottom line. This was possible only because of precise execution of an action plan to combat recession i.e. Thrust on rural markets to make up for the loss of sales in urban areas, Rigid control on expenses to counter higher input costs & Optimization of available resources. Today our brand “Camel” and “Camlin” are brimming with youthful energy and has an ability to win in all seasons in all conditions
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