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Mumbai: Rajesh
Exports Limited (BSE Code: 531500) manufacturer of gold jewellery has announced
its financial results for the fiscal year ended 31 March. The company had
declared an interim dividend of 35 per cent and the board of directors recommended
a further dividend of 65 per cent, bringing the total dividend to 100 per
cent. Sales
were Rs4,246.81 crore for the fiscal year ended March 31, 2005 registering
an increase of 39.23 per cent as compared to the same period last year.
Net profit after tax was Rs43.08 crore for the fiscal year ended 31 March
2005, compared to Rs27.31 crore for the same period a year ago, an increase
of 57.75 per cent. Earnings per share (EPS) for the fiscal year ended March
31, 2005 increased to Rs61.54 from Rs39.01 for the corresponding period
a year ago, an increase of 57.75 per cent. A total dividend of 100 per cent
has been recommended as compared to 50 per cent in the previous corresponding
year Rajesh
Mehta, chairman, Rajesh Exports said, "We are beginning to reap dividends
on various cost rationalization initiatives implemented during the year.
Our focus on offering value added products
to our existing customers has been gaining traction and we are also exploring
other emerging markets to expand our global footprint."
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