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Bombay Dyeing back in black

Mumbai, June 11: Bombay Dyeing & Manufacturing Company has posted a net profit of Rs 32.31 crore for the financial year ended March 31, 2003 compared with a net loss of Rs 29.06 crore in the previous fiscal.

Total income (net of excise) has increased from Rs 828.81 crore in 2001-02 to Rs 897.74 crore in 2002-03.

However, in the fourth quarter ended March 31, the company has posted a net loss of Rs 1.10 crore compared with a net profit of Rs 7.95 crore in the corresponding previous quarter.

Total income (net of excise) has increased to Rs 226.35 crore from Rs 197 crore in the corresponding previous quarter.

Bombay Dyeing board has proposed an equity dividend of Rs 3 per equity share for the last fiscal. The board today appointed S. Ragothaman as the company’s additional director.

It has also approved the proposal to seek voluntary delisting of the company’s equity shares from the stock exchange at Calcutta, Delhi, and Madras, subject to shareholders’ approval.

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