Deccan Cements to pay Rs 1.20/share

The board of directors of Deccan Cements Ltd has recommended a dividend of Rs 1.20 a share (12 per cent) for the year ended March 31, 2011, the company said in a filing to the BSE. The Hyderabad-based company posted a net profit of Rs 14.24 crore in the fourth quarter ended March 31, 2011 on a revenue of Rs 104 crore (Rs 68.32 crore). In the year-ago period the company incurred a net loss of Rs 8.84 crore. For the full-year, the net profit decreased to Rs 1.99 crore (Rs 4.34 crore).