Ruby Mills Recommends A Dividend Of Rs 1.75 Per Share

Ruby Mills Ltd on Wednesday informed that the board of directors of the company at its meeting held on May 17, 2017, have recommended a dividend of Rs 1.75 per equity share of Rs. 5 each (i.e. 35%), subject to the approval of the shareholders, as per BSE filing.

The company also reported a net profit of Rs 14.87 crore for the quarter ended March 31, 2017, as against a net profit of Rs 16.48 crore for the same quarter in the previous year, as per BSE filing.

Ruby Mills is trading at Rs 410 per share, down by 1.4% at 09:22 hours IST on the BSE. It hit a high of Rs 410 per share and a low of Rs 408.50 per share so far.

Ruby Mills Ltd is engaged in the business of textile manufacturing. It manufactures and markets various products, which include cotton and blended yarns; custom made fabrics from various manmade and natural fibres.

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About Suhani Varma

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