Mangalam Cement announced that the Board of Directors of the Company at its meeting held on 11 May 2019, has recommended a Final dividend of Rs.0.5 per share (i.e.5%), subject to the approval of the shareholders.

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Net profit of Mangalam Cement reported to Rs 1.67 crore in the quarter ended March 2019 as against net loss of Rs 4.51 crore during the previous quarter ended March 2018. Sales rose 5.18% to Rs 318.09 crore in the quarter ended March 2019 as against Rs 302.43 crore during the previous quarter ended March 2018.

For the full year,net loss reported to Rs 9.74 crore in the year ended March 2019 as against net profit of Rs 11.38 crore during the previous year ended March 2018. Sales rose 10.69% to Rs 1195.07 crore in the year ended March 2019 as against Rs 1079.66 crore during the previous year ended March 2018.

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Mangalam Cement will hold a meeting of the Board of Directors of the Company on 11 May 2019.

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The Board of Mangalam Cement at its meeting held on 18 February 2019 has given its in-principle approval to the amalgamation of Mangalam Timber Products with Mangalam Cement.

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