Dawood Hercules okays interim cash dividend

The board of directors of Dawood Hercules Chemicals Ltd has approved second interim cash dividend of Rs2 per share (20 per cent) representing a total payout of Rs3.50 per share (35 per cent) to-date on a cumulative basis for the year ending 31st December 2006.

The board of directors has also approved the un-audited accounts of the company for the 3rd quarter of 2006. As per highlights of the financial results, the company’s sales stood at Rs2,644 million in 2006 as compared to Rs2,248 million in 2005. The gross profit has been Rs866 million against last year’s Rs851 million.