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SHFL register 56 pc rise in net profit
Business

SHFL register 56 pc rise in net profit

Agency News

Chennai, May 17 : Sundaram Finance Holdings Ltd (SFHL), the
holding company for the non-Financial Services investments of the
Sundaram Finance Group, on Friday announced that it has registered
a 56 per cent rise in its Net Profit for the year ended March 31, 2019
at Rs 85 crores as compared to Rs 54 crores registered the previous
year.

Revenues for the year ended went up by 60 per cent to Rs 121 crore
as compared to Rs 76 crores the previous year. The Board has recommended a dividend of Rs.1.75 per share (previous
Year Rs. 1.5 per share) on a face value of Rs five per share.

The company registered a net profit of Rs 32 crores for Q4 ending
March 31, 2019 as compared to Rs 15 crores registered in the
corresponding quarter last year. The Revenues for the quarter went up by 86 per cent to Rs 42 crore  as compared to Rs 23 crores last year. UNI