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The board of Kolkata-based Tide Water Oil Co (India) Ltd has recommended a dividend of 1,750 per cent or ₹87.50 per share of face value ₹5. Tide Water reported an 86 per cent dip in net profit for the fourth quarter (Jan-April 2016) to ₹6 crore. Profits came down by ₹24.49 crore on account of provision for loss on investment subsidiary.
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