Finolex Industries Announces Q4 & FY 07 Results

Finolex Industries Ltd has announced the following Audited results for the quarter & year ended March 31, 2007:The results for the Quarter ended March 31, 2007 The Company has posted a net profit of Rs 174.509 million for the quarter ended March 31, 2007 as compared to Rs 153.670 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 2227.000 million for the quarter ended March 31, 2006 to Rs 3160.854 million for the quarter ended March 31, 2007.The results for the Year ended March 31, 2007 The Company has posted a net profit of Rs 698.827 million for the year ended March 31, 2007 as compared to Rs 423.086 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 7716.196 million for the year ended March 31, 2006 to Rs 10715.510 million for the year ended March 31, 2007.Further the Company has informed that, the Board of Directors has recommended dividend of 30% (Rs 3.00 per share) for the year ended March 31, 2007.