Cochin Minerals board to consider dividend

Cochin Minerals & Rutiles announced that a meeting of the board of directors of the company will be held on May 23, 2008, for considering the audited accounts for the year ended Mar. 31, 2008, and also to consider recommending a dividend.



Cochin Minerals & Rutile registered a steep drop of 85.61% in net profits of Rs 3.30 million for the quarter ended in December 2007 from a profit of Rs 22.93 million for the quarter ended in December 2006.

Net Sales quarter rose 2.40% to Rs 240.19 million for the quarter ended December 2007 from Rs 234.57 million for the quarter ended December 2006.

Shares of the company declined Rs 0.4, or 0.74%, to trade at Rs 53.8. The total volume of shares traded was 9,607 at the BSE. (3.32 p.m., Tuesday)
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