G M Breweries announced that the Board of Directors of the Company at its meeting held on 4 April 2019, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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G M Breweries will hold a meeting of the Board of Directors of the Company on 4 April 2019.

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The result was announced after market hours yesterday, 3 January 2019.

Meanwhile, the S&P BSE Sensex was up 130.55 points, or 0.37% to 35,644.26.

On the BSE, 75,000 shares were traded in the counter so far compared with average daily volumes of 17,000 shares in the past two weeks. The stock had hit a high of Rs 681.05 and a low of Rs 630 so far during the day. The stock hit a 52-week high of Rs 969.60 on 8 January 2018. The stock hit a 52-week low of Rs 495 on 25 October 2018.

G M Breweries is engaged in the activities of manufacturing and marketing of alcoholic beverages.

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Net profit of G M Breweries declined 25.07% to Rs 16.71 crore in the quarter ended December 2018 as against Rs 22.30 crore during the previous quarter ended December 2017. Sales rose 5.64% to Rs 124.55 crore in the quarter ended December 2018 as against Rs 117.90 crore during the previous quarter ended December 2017.

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