Madras Refineries net profit surges 59% to Rs. 2 bn in FY99 - Views on News from Equitymaster

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  • Jun 10, 1999 - Madras Refineries net profit surges 59% to Rs. 2 bn in FY99

Madras Refineries net profit surges 59% to Rs. 2 bn in FY99

Jun 10, 1999

Madras Refineries (MRL) posted a net profit of Rs 2 bn in FY99 (up 59% over FY98). Turnover was up by 38% to Rs 37.5 bn. The company board has decided to pay dividend at the rate of 35% for FY99 as against 27% in the previous year.

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