ADF Foods net profit surges 55%

ADF Foods net profit surges 55%ADF Foods Ltd has announced its fourth quarter financial results for the fiscal year 2009-10. The company has posted a consolidated net profit of Rs 15.81 crore for the quarter that ended in 31st March, 2010. The consolidated net profit was reported to be Rs 10.20 crore for the same quarter in the financial year 2008-09.

The profit after tax has grown up by 55% in this quarter as compared to the same quarter in the last fiscal. This has been informed by the firm in a filing at the Bombay Stock Exchange. So far as the total income of the firm are concerned, it has increased to Rs 109.44 crore during the January-March period of fiscal year 2009-10. It was Rs 99.67 crore for the same quarter last year. There has been a hike of 9.8% in the total income of the firm this year against last year. The board of the company has decided to recommend a dividend at a rate of 15% to the shareholders for the financial year 2009-10.