EID Parry declares interim dividend of Rs 4 per share

NEW DELHI: Sugar major EID Parry on Monday announced an interim dividend of Rs 4 per share for the financial year ending March 31, 2012.

The company in a filing to the BSE said that "Board of Directors of the company at its meeting held on March 19, 2012 have declared an interim dividend of Rs 4 per equity share of Rs 1 each fully paid on the equity capital for the financial year ending March 31, 2012."

The company had reported a decline in its net profit of almost 70 per cent to Rs 63.35 crore for the quarter ended on December 31, 2010, compared to Rs 171.17 crore in the year-ago period.

EID Parry is engaged in manufacturing and marketing of sugar, alcohol, bio-products and nutraceuticals. Parry has five sugar plants with a combined crushing capacity of 15,800 metric tonnes of cane per day.