The Hindu Business Line : Balmer Lawrie dividend

The Board of directors of Balmer Lawrie & Co Ltd has recommended a dividend of 20 per cent to its shareholders for 2008-09. Balmer Lawrie reported 17 per cent growth in net profit from Rs 87 crore to Rs 102 crore last fiscal. Compared to the 2007-08 gross turnover increased by 13 per cent to Rs 1,776 crore. According to a company release, the improved performance was largely due to the service businesses of the company, with Logistics Services recording the biggest gro wth. Despite the uncertainties in the airlines commission regime, the travel and tourism business reported both topline as well as bottomline growth. —

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