Sunflag Iron & Steel Company announced that the Board of Directors of the Company at its meeting held on 28 May 2018, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Net profit of Sunflag Iron & Steel Company rose 190.30% to Rs 36.52 crore in the quarter ended March 2018 as against Rs 12.58 crore during the previous quarter ended March 2017. Sales rose 39.45% to Rs 561.34 crore in the quarter ended March 2018 as against Rs 402.55 crore during the previous quarter ended March 2017.

For the full year,net profit rose 97.44% to Rs 128.67 crore in the year ended March 2018 as against Rs 65.17 crore during the previous year ended March 2017. Sales rose 36.80% to Rs 2074.44 crore in the year ended March 2018 as against Rs 1516.39 crore during the previous year ended March 2017.

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Sunflag Iron & Steel Company will hold a meeting of the Board of Directors of the Company on 28 May 2018.

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Net profit of Sunflag Iron & Steel Company rose 214.69% to Rs 40.91 crore in the quarter ended December 2017 as against Rs 13.00 crore during the previous quarter ended December 2016. Sales rose 33.85% to Rs 506.44 crore in the quarter ended December 2017 as against Rs 378.36 crore during the previous quarter ended December 2016.

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