Malabar Trading Company recommends 1% dividend

MUMBAI: The city-based Malabar Trading Company Ltd, has recommended 1 per cent final dividend on equity shares, i.e., Rs 0.10 per equity shares of thr face value of Rs 10 each for the financial year ended on March 31, 2011.

The recommended dividend will be paid as per the declaration by the shareholders at the ensuing annual general meeting (AGM) of the company.

For the quarter ended March 2011, the net profit of the company rose to Rs 0.04 crore as compared to Rs 0.01 crore during the previous quarter ended March 2010.

Malabar Trading Company Ltd. is engaged in the distribution of teas. It offers various tea products, including single estate teas, signature chai spice blends, and herbal tisanes.