Temptation Foods to Consider Stock Split and Preferential Offer

A meeting of the board of directors of Temptation Foods will be held on Aug. 21, 2007 to consider stock split and preferential offer of equity shares and foreign currency convertible bonds (FCCBs) to persons other than promoters.

The company reported a phenomenal jump in net profit for the quarter ended June 2007.

During the quarter, the company rose 4.29 times to Rs 28.47 million from Rs 6.63 million in the corresponding quarter last year.

Net sales for the quarter ended June 2007 rose 2.36 times to Rs 171.32 million compared with the corresponding quarter, a year ago.

Shares of the company closed up Rs 3.60, or 2.85%, at Rs 130. The total volume of shares traded was 14,600 at the BSE. (Tuesday)