Chemical
Alkyl Amines reports a strong growth in profits
For the full year, the company has posted net profit of Rs. 201.32 crore FY20 as against Rs. 86.10 crore in FY19.
- By ICN Bureau
| June 24, 2020
Alkyl Amines Chemicals Ltd has posted a steady growth in its quarterly as well as yearly profits. The company has posted net profit of Rs.49.20 crore in Q4FY20 as against Rs.18.92 crore in 2019. Sales declined 1.13% to Rs 234.77 crore in the quarter as against Rs. 237.45 crore during the corresponding quarter last year.
For the full year, the company has posted net profit of Rs. 201.32 crore in FY20 as against Rs. 86.10 crore in FY19. Sales rose 17.31% to Rs 992.88 crore as against Rs 846.40 crore during the previous year.
The company has recommended a dividend of Rs. 10/- per Equity Share of Rs.5/- each (i.e. 200%) for the financial year 2019-2020.
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