The companies earning per share (basic and diluted) declined to Rs 14.08 in the period under review against Rs 16.81 in the same period a year back. The board of directors of the company in its meeting held on Friday recommended a final cash dividend for the year at Rs 2.00 per share ie 20 percent. The interim dividends totalling Rs 4.00 per share ie 40 percent have already been paid making a total of Rs 6.00 per share ie 60 percent.
The board also recommended issuing bonus shares in the ratio of one for every 10 shares held ie 10 percent. This said bonus shares shall not be eligible for the dividend declared for the year ended December 31, 2009. According to the financial results, the company's net sales increased to Rs 30.171 billion in 2009 as compared to Rs 23.317 billion in 2008. The cost of sales also increased to Rs 23.240 billion in this period against Rs 17.120 billion recorded a year back. The company's selling and distribution expenses increased to Rs 1.945 billion against Rs 1.657 billion.