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Balaji Amines declares dividend of 130%

MUMBAI: Balaji Amines Ltd, one of World’s largest producer of DMA-HCL and one of India’s largest manufacturer of Aliphatic Amines announced its annual results for FY17-18. On a year-to-year basis, the consolidated net profit increased by 37.38% from Rs 82.35 crore to Rs 113.13 crore. Also the consolidated sales for the year ended March 31, increased from Rs 730.59 crore to Rs 877 crore. The board has recommended a dividend of Rs 2.60 per share i.e. 130%, on face value of Rs 2 per share for the year ending FY2017-18. “Our growth strategy is bearing fruits now; overall growth has been decent we have been able to significantly improve our exports in the current financial year. profit growth has been more stronger then the sales growth due to our focus on cost efficiency and better product mix, the impact of these will be more visible in the coming years,’ said D Ram Reddy, managing director of Balaji Amines Limited.

Categories: Business
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