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Pune-based maker of cables Finolex Cables has posted a net profit of ₹208 crore for the year ended March 31, 2014, against ₹145 crore during the previous fiscal representing a rise of 43 per cent year-on-year.
The board has recommended a dividend of 80 per cent for the year. But net sales for the year remained flat at ₹2,337 crore against ₹2,244 crore last year, a rise of 4 per cent.
During the last quarter of fiscal 2014, net profit rose to ₹69 crore (₹39 crore) representing a rise of nearly 77 per cent. Sales stood at ₹642 crore against ₹625 crore, an increase of 3 per cent.
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