Mumbai, May 06: Associated Cement Companies Ltd. has posted a net profit of 1059 million rupees for the quarter ended March 31, 2004 as compared to a net profit of 587.20 million rupees for the quarter ended March 31, 2003. Total Income (net of excise) has increased from 7897.20 million rupees in MQ-03 to 10400.70 million rupees in MQ-04, the company informed the Bombay Stock Exchange. The company has posted a net profit of 2002.40 million rupees for the financial year ended March 31, 2004 as compared to 1038.90 million rupees in the year ended March 31, 2003. Total Income (net of excise) has increased from 29708.10 million rupees in FY-03 to 34350 million rupees in FY-2004. The consolidated profit for FY-2004 is at 2201.30 million rupees as compared to 1213.50 million rupees in FY-03. Net Sales (net of excise) increased from 31445.10 million rupees in FY 03 to 37273.70 million rupees in FY-04. The Board of Directors has recommended a dividend of Rs 4 per share for the year ended March 31, 2004, if approved by the shareholders at the Annual General Meeting of the company to be held on July 9, 2004. Bureau Report