Josts Engineering Company announced that the 111th Annual General Meeting (AGM) of the company will be held on 30 July 2018.

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Josts Engineering Company announced that the Board of Directors of the Company at its meeting held on 26 May 2018, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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Net profit of Jost's Engineering Company rose 30.00% to Rs 2.21 crore in the quarter ended March 2018 as against Rs 1.70 crore during the previous quarter ended March 2017. Sales declined 3.14% to Rs 27.14 crore in the quarter ended March 2018 as against Rs 28.02 crore during the previous quarter ended March 2017.

For the full year,net profit reported to Rs 2.07 crore in the year ended March 2018 as against net loss of Rs 2.22 crore during the previous year ended March 2017. Sales rose 8.58% to Rs 90.38 crore in the year ended March 2018 as against Rs 83.24 crore during the previous year ended March 2017.

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Josts Engineering Company has made an investment by acquiring 8 lakhs Equity shares of Rs. 10/- each of MHE Rentals India, the Company's subsidiary, on 19 February, 2018.

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