The profit after tax of Rafhan Maize Products Company has increased to Rs 522.265 million in the quarter ended March 31, 2011 as compared to Rs 397.061 million earned in the corresponding period in 2010. The company's earning per share has increased to Rs 56.54 in the period under review against Rs 42.99 in the same period last year.
The board of directors of the company in its meeting held here on Thursday recommended an interim cash dividend for the quarter at Rs 35 per share ie 350 percent. According to the financial results sent to Karachi Stock Exchange (KSE), the company's net sales increased to Rs 4.734 billion in this quarter against Rs 3.028 billion in the same quarter last year while the cost of sales stood at Rs 3.768 billion against Rs 2.311 billion. The company's profit before taxation increased to Rs 817.021 million in this quarter against Rs 612.197 million in the same quarter last year.
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