Godfrey Phillips Q4 profit dips 28%

Cigarette maker Godfrey Phillips said its net profit declined to Rs 41.99 cr.

Cigarette maker Godfrey Phillips India Ltd today said its net profit declined by 28 per cent to Rs 41.99 crore for the fourth quarter ended March 31,2012.

The company had posted a net profit of Rs 58.32 crore during the same period of previous fiscal,Godfrey Phillips said in a filing to the BSE.

Net sales of the company rose to Rs 555.01 crore in the quarter under review against Rs 458.03 crore in the year-ago period.

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For the year ended March 31,2012,the company posted a net profit of Rs 181.36 crore against Rs 166.03 crore during 2010-11.

The company’s board,which met today,recommended a dividend of Rs 40 per equity share of Rs 10 each for the year 2011-12.

Shares of Godfrey Phillips today closed at Rs 3,218.85 on the BSE,down 3.63 per cent from its previous close.

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