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GSFC gains on stock-split approval-news31052012


Gujarat State Fertilizers & Chemicals (GSFC) rose over 3%, touching the weekly high of Rs436.70, after the company's board of directors at a meeting held on May 30, 2012, has approved a 5-for-1 stock-split

Gujarat State Fertilizers & Chemicals' (GSFC) net profit rose 12.3% to Rs230.34 crore on 36.3% growth in net sales to Rs1530 crore in Q4 March 2012 over Q4 March 2011. Net profit rose 1.1% to Rs757.57 crore on 11.5% growth in net sales to Rs5301.83 crore in the year ended 31 March 2012 over the year ended 31 March 2011. The company announced the results after market hours on Wednesday, 30 May 2012.

GSFC's board of directors at a meeting held on May 30, 2012, recommended a dividend of Rs7.50 per share for the year ended March 2012.
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