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May 29, 2012, 05.48 PM IST
Cigarette maker Godfrey Phillips India Ltd today said its net profit declined by 28% to Rs 41.99 crore for the fourth quarter ended March 31, 2012.
The company had posted a net profit of Rs 58.32 crore during the same period of previous fiscal, Godfrey Phillips said in a filing to the BSE.
Net sales of the company rose to Rs 555.01 crore in the quarter under review against Rs 458.03 crore in the year-ago period.
For the year ended March 31, 2012, the company posted a net profit of Rs 181.36 crore against Rs 166.03 crore during 2010-11.
The company's board, which met today, recommended a dividend of Rs 40 per equity share of Rs 10 each for the year 2011-12.
Shares of Godfrey Phillips today closed at Rs 3,218.85 on the BSE, down 3.63% from its previous close.
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