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Journalism of Courage
MUMBAI, Aug 6: The directors of Pond8217;s India Ltd PIL have recommended an interim dividend of 95 per cent for the year ending December 1997. This comes immediately after the final dividend of 125 per cent including a golden jubilee dividend of 10 per cent for the previous year.
Sales during half year ended June 1997, amounted to Rs 220 crore against Rs 182 crore same period last year. The total expenditure has grown from Rs 158 crore in the first half of 1996 to Rs 192 crore in the first half of 1997. Interest cost were Rs 0.45 crore, signifying a 25 reduction compared to corresponding period last year.
