Building material maker Everest Industries posted a 5 per cent decline in profit after tax (PAT) at Rs 10.62 crore for the fourth quarter ended March 31,2011 as compared to the corresponding year-ago period. During January-March period 2009-10,the company had registered PAT of Rs 11.18 crore,the company said in a statement. The board of directors of the company has also recommended a dividend of 45 per cent (Rs 4.5 each share) for the financial year 2010-11,subject to shareholders approval,it said. For the fiscal 2010-11,Everest's PAT rose to Rs 40.70 crore from Rs 30.01 crore in the previous financial year. In the fourth quarter of 2010-11,the company's total income increased to Rs 197.82 crore from Rs 186.68 crore in the year-ago period,it added.
