April 30, 2013

Finolex Cables Ltd., (FCL) at the meeting of its Board of Directors approved results for the fourth quarter and year ended March 31, 2013.

Net Sales for the quarter ended March 31, 2013 were Rs 625.4 crores as against Rs 5,96.7 crores for the corresponding period in year 2011-12. Net Sales in the current quarter shows an increase of 5% compared to the corresponding period of the previous year. Profit for the quarter, before taxes, increased to Rs. 46.2 crores from Rs. 42.9 crores in the previous year – an increase of 8%.

Net sales for the year 2012-13 stood at Rs. 2,243.8 crores as against Rs. 2,038.5 crores for the year 2011-12, registering an increase of 10% over previous year. Profit for the year 2012-13 after taxes, increased to Rs. 145.3 crores as compared to Rs. 98.2 crores for the year 2011-2012 registering a growth of 48%.

The Board of Directors has recommended a dividend of 60% for the year 2012-13.