Mumbai, May 02: Associated Cement Companies (ACC) has posted a net profit growth of 11.81 per cent at Rs 58.72 crore for the fourth quarter ended March 31, 2003 as compared to Rs 52.52 crore for the corresponding quarter last year. Total income (net of excise) during the reported quarter has increased from Rs 789.14 crore to Rs 792.85 crore on a year-on-year basis.
The company has posted a net profit of Rs 103.89 crore for the financial year ended March 31, 2003, as compared to Rs 130.43 crore in the previous year. Total income (net of excise) has increased from Rs 2904.51 crore in FY02 to Rs 2988.51 crore in FY-2003.

The consolidated profit for FY-03 is at Rs 121.34 crore as compared to Rs 127.25 crore in FY-02. Net sales (net of excise) are at Rs 3020.11 crore as compared to Rs 2821.75 crore in FY-02.
The ACC board has recommended a dividend of Rs 2.50 per share for the year ended March 31, 2003. Bureau Report