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GTN Textiles net drops; to pay Rs 1.75 per share

Our Bureau

NEW DELHI, May 17

GTN Textiles has reported a 38.37 per cent decline in net profit for the year ended March 31, 2002 to Rs 3.63 crore as against Rs 5.89 crore in the previous year.

Total income (net of excise) for the year stood at Rs 22.72 crore (Rs 22.87 crore).

The board of directors has recommended a dividend of 17.5 per cent (Rs 1.75 per share) on equity shares, subject to approval of members.

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