Texmaco announced 19% dividend

Texmaco is a K K Birla Group engineering company, has announced 19% dividend for workmen for the year 2007-08, as against a 15% bonus last year 2006-07.

The dividend to the equity shareholders was raised to 75% for FY08 against 40% in the preceding fiscal. The company recorded 101% rise in net profit during the Q1 of the current fiscal at Rs22.82 crore, compared to the same period last year, on the back of its heavy engineering division.Sales grew up by 46% on a year-on-year basis to Rs 280.43 crore.