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Article: Ranbaxy Laboratories Raises Final Year-End Dividend; Profits Cross Rs. 158 crores; Exports at Rs. 412 crores.
- Article from:
- Business Wire
- Article date:
- June 6, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW DELHI, India--(BUSINESS WIRE)--June 6, 1996--The Board of Directors of Ranbaxy Laboratories Limited (GDR:RBXD-London) at their meeting held today approved the audited accounts for the year ended March 31, 1996 and recommended a final dividend of 35 percent on equity shares (Rs. 3.50 per share) making a total dividend of 55 percent (Rs. 5.50 per share) for the year (1994-95 - Rs. 5 per share). An interim dividend of 20 percent already paid (Rs. 2 per share).
The total dividend distribution for the year at Rs. 23.72 crores, (US approximately $6.8 million), went up by 19 percent over the previous year (Rs. 20 crores).
The Company recorded sales of Rs. 876.6 ...