FTCI gives dividend to member cooperatives

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Bangalore 7 Oct: FTCI has declared a dividend and incentive bonus of Rs 2,16,714 to all member cooperative societies from the net profit of the year 2009-10 and 2010-11.

For the year 2006-07, FTCI gave dividend and incentive bonus of Rs 8,37,113 to all member cooperative societies from the net profit.

FTCI gives 30% of the net profit to Income Tax Department, Government of India and 15% of the net profit to CTA before distribution of dividend and incentive bonus.