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Asian Paints Consolidated Net Profit Increases by 20.2%

Published on 2005-05-16. Author : SpecialChem

Mumbai -- Asian Paints announced their annual results for the year ended March 31st, 2005.

Asian Paints Consolidated Results FY - 2005

For the year ended March 31st, 2005, on consolidation of accounts of the subsidiaries and joint venture of Asian Paints – Sales & operating Income for the group has increased by 15.4% to Rs 25,605 million from Rs 22,179 million. Profit before depreciation interest and tax (PBDIT) for the group has increased 12.3 % to Rs 3,677 million from Rs 3,274 million. Profit before Tax after goodwill has increased by 19.2 % to Rs.2,878 million from Rs. 2,416 million. Net profit after minority interest has increased by 20.2 % to Rs 1,741 million from Rs 1,449 million for the year.

Asian Paints Consolidated Results Q4-FY2005

For the quarter ended 31st March 2005, on consolidation of accounts of the subsidiaries and joint venture of Asian Paints – Sales & operating Income for the group has increased by 10.9% to Rs 6,227 million from Rs 5,615 million. Profit before depreciation interest and tax (PBDIT) for the group has increased 2.7% to Rs 765 million from Rs 745 million. Profit before Tax after goodwill has increased by 8.1 % to Rs578 million from Rs. 535 million. Net profit after minority interest has increased by 16.7 % to Rs 367 million from Rs 314 million for the quarter.

The Board of Directors recommended the payment of final dividend of Rs. 5.5 /- per share (55 %). Thus the total dividend announced for financial year 2004-05 is Rs. 9.5 /- per share (95 %). The total dividend distributed for 2003-04 was Rs 8.5/- per share (85%).

Commenting on the annual results, Mr. Ashwin Dani, Vice-Chairman & Managing Director, Asian Paints (India) Limited, said "Asian Paints has performed well across all business units and geographies and our focus will continue to be on spearheading growth across all sectors. Very good growth in interior and exterior emulsions has aided the fine performance of decorative coatings in India while industrial coatings has witnessed strong growth in all operating segments. International business has yielded the desired results and crossed USD 100 mn in sales. We are optimistic of our performance in the year ahead.".

Asian Paints is India's largest paint company, ranked among the top ten Decorative Coatings Companies in the World with a group turnover of INR 25.6 billion. Asian Paints along with its various subsidiaries has operations in 22 countries across the world with 30 paint manufacturing facilities, servicing consumers in over 65 countries through Berger International, SCIB Paints Egypt, Asian Paints, Apco Coatings and Taubmans. The company has an enviable reputation in the corporate world for professionalism, fast track growth, and building shareholder equity.

Source: Asian Paints


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