/ Indo Count Rallies Over 2% On Good Q4 Numbers, Board Recommends Dividend Of 20% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 16 May 2017

Shares of Indo Count Industries, a company engaged in the manufacturing of textile products, rallied over 2.5% on the NSE as it announced its Q4 earning and more other news on Monday during post market hours.    

The company's revenue for FY17 stood at Rs 2,258 crore, increased by 7% compared to FY16, the EBITDA for FY17 stood at Rs.428 crore for FY17 as against Rs. 465 crore in the previous year, it said in its filing to the exchanges.

The company also added that, for FY17, its board of directors has recommended a final dividend of 20% i.e. Rs 0.40/- per equity share of face value of Rs 2/- each in addition to the interim dividend of 20% i.e. Rs 0.40/- per equity share declared and paid in February 2017.

The company is involved in the manufacture of bedding, quilts, pillows, sleeping bags and others, and preparation and spinning of cotton fibers, including blended cotton.

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