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Virudhunagar Textile sales up

By Our Corporate Reporter

Virudhunagar Textile Mills has increased the equity dividend to 59 per cent for the year ended March 31, 2003 from 50 per cent paid in the previous year.

Sales were up 7 per cent at Rs. 103.57 crores against Rs. 96.79 crores with exports contributing 69 per cent (62 per cent). The gross profit before depreciation stood at Rs. 17.90 crores against Rs. 12.53 crores.

The net profit was Rs. 9.91 crores against Rs. 6.56 crores. The transfer to general reserve is Rs. 7.02 crores (Rs. 4.21 crores).

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