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Impal pays 150 p.c.

By Our Corporate Reporter

CHENNAI JULY 10. The directors of India Motor Parts and Accessories Limited (Impal) have recommended a dividend of 150 per cent including a golden jubilee dividend of 30 per cent for the year ended March 31, 2003. The turnover has risen marginally to Rs. 179.75 crores from Rs. 175.83 crores and the profit before tax to Rs. 12.87 crores from Rs. 12.50 crores. The post tax profit has declined to Rs. 8.21 crores from Rs. 8.38 crores in the previous year. An amount of Rs. 5 crores (Rs. 4.25 crores) has been transferred to general reserve. The share capital remains at Rs. 2.08 crores while reserves are huge at Rs. 50.47 crores.

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