Force Motors Records 2.98% Decrease in Net Profit for Fiscal Yr Ended March 31, 2011

Force Motors recently reported a decline of 2.98% in their net profits for fiscal year ended on March 31, 2011. The company posted a profit of Rs.58.62 crore, which is less in comparison to the Rs.60.42 crore net profit in fiscal before last. The company’s net sales in the 2010-11 period, however saw an increase from Rs.955.55 crore to Rs.1,480.45 crore, a growth of 54.93%.

The company’s board has reportedly approved a 50% dividend, which means that on a Rs.10 equity share, the dividend received would be 50% or Rs.5.

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