Financial Daily from THE HINDU group of publications
Tuesday, May 10, 2005
Financial Daily from THE HINDU group of publications Tuesday, May 10, 2005 |
|
|
|
|
|
Corporate
-
Bonus Announcements Opto Circuits declares 1:2 bonus Our Bureau
Bangalore , May 9 OPTO Circuits (India) Ltd (OCIL), the country's leading manufacturer of non-invasive healthcare equipment, declared a 1:2 bonus following the company's good performance. It also declared a dividend of Rs 3.50 (35 per cent) per share for the fiscal 2005 with its net profit for the year increasing by 47.1 per cent to Rs 19.16 crore. Its revenue of Rs 79.14 crore for the financial year 2004-05 grew by 35.2 per cent over the previous fiscal 2003-04. The company announced its results for both the fourth quarter January-March, 2005 as well as the full year after the company's board approved them on Monday. With the 1:2 bonus, Opto's equity has gone up to Rs 17.87 crore and the EPS stands at Rs 10.66 as against Rs 9.47 at the end of the previous financial year. During Q4, the topline grew 50.4 per cent to Rs 28.72 crore as against Rs Rs 7.17 crore for the corresponding period in 2004. Its net profit increased by 95.9 per cent to Rs 7.17 crore over the corresponding quarter. On the company's proposed GDR issue to raise $20 million with a green shoe option of $5 million, Mr Vinod Ramnani, Chairman & Managing Director, said the price of the issue would be decided only after the Extraordinary General Meeting, to be held here on Tuesday, approved the proposal.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|