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HBL Power Systems Limited has posted a lower profit of Rs 4.58 crore for the fourth quarter ended March 31, 2018 as against a profit of Rs 10.67 crore for the corresponding quarter last fiscal on a standalone basis.
The company posted lower total income of Rs 426.69 crore for the fourth quarter as against Rs 445.97 crore for the same period of previous fiscal.
The batteries and electronics company posted a profit of Rs 29.65 crore and total income of Rs 1646.83 crore for the financial year ended March 31, 2018 as against a profit of Rs 32.20 crore and total income of Rs 1547.06 crore for the previous financial year.
The company has four subsidiaries — HBL Germany GMBH, HBL America Inc., SCIL Infracon and HBL Suntech and one joint venture Gulf Batteries Company Limited. It could not come out with a consolidated financial results as the their numbers are yet to be finalised.
Dividend
The Board of Directors recommended a dividend of 25 per cent (25 paise for every share of Rs 1 each) for the year 2017-18, subject to approval of members at the AGM.
The company posted EPS of Rs 1.07 for FY 2018 as against Rs 1.16 for FY 2017.
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