Geometric Ltd announced that the company’s board, at its meeting held on Apr. 18, 2008, has recommended a dividend of Rs 0.80 a share on equity share of Rs 2 each, which is subject to the approval of shareholders at the ensuing annual general meeting.

For the three months period ended December 2007, the company declared a phenomenon drop in standalone net profit.

During the quarter, the company’s earnings slumped 82.09% to Rs 14.86 million, as against Rs 82.99 million during the corresponding period of the last year.

The company’s sales declined marginally 2.98% to Rs 440 million, whereas total income for the quarter decreased 7.99% to Rs 487.52 million as compared to the same period of the previous year.

Incorporated in 1994, Geometric is head quartered in Mumbai, India. Geometric has two main business subsidiaries Geometric Engineering, Inc. and Geometric Technologies, Inc. Geometric Engineering specializes in end-to-end engineering solutions for the automotive and industrial sectors. Geometric Technologies develops and supplies cutting-edge productivity solutions for manufacturing operations.

On Thursday (17 Apr), the company’s shares closed at Rs 65.65, up 1.55%, on the Bombay Stock Exchange (BSE). The total volume of the shares traded was 56,371. Current EPS and P/E ratio stood at 3.80 and 17.28 respectively. The stock has also seen 52-week high of Rs 133 and low of Rs 42 on BSE.