The Board of Directors of Matrix Laboratories Limited has recommended a dividend of 60 per cent (Rs.1.20 per share with a face value of Rs. 2) for the financial year 2004-05. The dividend will be paid on the post-bonus paid-up capital of Rs. 29.94 crore.

The board at its meeting today took on record the Audited financial results for 2004-05. The company recorded a profit after tax (PAT) of Rs 130.26 crore on net sales of Rs 636.76 crore for the year, as compared with that of Rs. 124.61 crore and Rs. 529.47 crore, respectively.

The company's 20th Annual General Meeting (AGM) will be held on 25th August 2005.