Uni Abex Alloy Products announced that the Board of Directors of the Company at its meeting held on 29 June 2020, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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Net loss of Uni Abex Alloy Products reported to Rs 3.18 crore in the quarter ended March 2020 as against net profit of Rs 5.44 crore during the previous quarter ended March 2019. Sales declined 32.77% to Rs 18.42 crore in the quarter ended March 2020 as against Rs 27.40 crore during the previous quarter ended March 2019.

For the full year,net profit declined 42.93% to Rs 5.37 crore in the year ended March 2020 as against Rs 9.41 crore during the previous year ended March 2019. Sales rose 13.99% to Rs 102.43 crore in the year ended March 2020 as against Rs 89.86 crore during the previous year ended March 2019.

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Uni Abex Alloy Products will hold a meeting of the Board of Directors of the Company on 29 June 2020.

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Net profit of Uni Abex Alloy Products rose 13.83% to Rs 2.14 crore in the quarter ended December 2019 as against Rs 1.88 crore during the previous quarter ended December 2018. Sales rose 13.47% to Rs 24.85 crore in the quarter ended December 2019 as against Rs 21.90 crore during the previous quarter ended December 2018.

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