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Home arrow Railway arrow LMW to set up green field machine manufacturing facility in China
LMW to set up green field machine manufacturing facility in China Print E-mail
Written by Viswanath   
Tuesday, 20 May 2008
Mumbai: Lakshmi Machine Works Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 19, 2008, inter alia, has approved the proposal for the establishment of a green field project for the manufacture of Textile Spinning Machinery in China through a wholly owned subsidiary Company.

Lakshmi Machine Works Ltd has announced the following Audited results for the quarter & year ended March 31, 2008:

The results for the Quarter ended March 31, 2008

The Company has posted a net profit from Ordinary activity after tax of Rs 600.029 million for the quarter ended March 31, 2008 as compared to Rs 686.221 million for the quarter ended March 31, 2007. Total Income has increased from Rs 5822.238 million for the quarter ended March 31, 2007 to Rs 6333.223 million for the quarter ended March 31, 2008.

The results for the Year ended March 31, 2008

The Company has posted a net profit from Ordinary activity after tax of Rs 2423.013 million for the year ended March 31, 2008 as compared to Rs 2061.978 million for the year ended March 31, 2007. Total Income has increased from Rs 19417.213 million for the year ended March 31, 2007 to Rs 22927.115 million for the year ended March 31, 2008.

Lakshmi Machine Works Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 19, 2008, inter alia, has recommended a final dividend of Rs 25/- per equity share of Rs 10/- each for the financial year 2007-08.

 
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