Headlines
Muthoot Capital Services recommends 50 percent dividend
Kochi, May 25
Muthoot Capital Services Ltd,
the BSE listed non-banking finance company of the 128-year-old Muthoot
Pappachan Group, on Monday declared a 50 percent dividend as it
announced its audited financial results for the final quarter of and
fiscal 2014-15.
The company, engaged in two-wheeler financing,
has achieved substantial increase in revenue despite the adverse market
conditions and managed to register increase in net profits which touched
Rs.22.29 crore up from Rs.22.21 crore for 2013-14.
The audited
financial results were approved on Monday by the board of directors,
which recommended a dividend of Rs.5 for every share of Rs. 10.
During
the last fiscal, the company's total income registered a growth of 20
percent to Rs.191.28 crore up from Rs.158.76 crore in 2013-14.