DKMUL announces 15% dividend

DKMUL announces 15% dividend

The Cooperative Milk Producers Union Ltd (DKMUL) has announced a dividend of 15% to its primary milk producer’s cooperative societies at its 32nd annual general body meeting held here on Saturday.

The union’s turnover during 2017-18 was Rs 807.74 crore and posted a net profit of Rs 6.71 crore, said President Raviraj Hegde.

The AGM also decided to disburse Rs 3.23 crore as a bonus to members of societies. The work on the construction of a new dairy at Uppoor in Udupi district will be ready by end of this year.

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