Page Industries' Profit Rises, but Shares Fall
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Page Industries is a company in India. It makes clothes. The company shared its money news for the last three months.
The company's profit went up. Profit means the money a company keeps after costs. It rose by 3.8%. The profit was Rs 202 crore.
Page Industries will also give money to people who own its shares. This is called a dividend. A dividend is money a company pays to owners of its shares. The company will pay Rs 150 for each share.
This is the second time this year the company pays this kind of dividend. It is called an interim dividend. An interim dividend is money paid before the full year ends.
But something strange happened. The company's share price went down. A share price is the cost of one small part of a company. It fell by 10%.
This means many investors were not happy. An investor is a person who buys shares to make money. They did not like the results. So they sold their shares.
Vocabulary15 words
- profit
- money a company keeps after it pays its costs
- dividend
- money a company pays to people who own its shares
- interim dividend
- money paid before the full year ends
- share price
- the cost of one small part of a company
- investor
- a person who buys shares to make money
- crore
- a word for ten million, used in India
- quarterly
- happening every three months
- earnings
- the money a company makes
- company
- a business that sells things or services
- results
- the news about how much money a company made
- record date
- the day used to decide who gets the dividend
- stock
- another word for shares of a company
- clothes
- things people wear
- money
- what people use to buy things
- rise
- to go up
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Quiz
Answer key
1. 3.8% 2. A Rs 150 dividend 3. False
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Page Industries is a company in India. It makes _____.
The company's _____ went up. It rose by 3.8%.
The profit was Rs _____ crore.
Page Industries will also give _____ to people who own its shares.
The company will pay Rs 150 for each _____.
This is the second time this year the company pays this kind of _____.
But the company's share price went _____.
It fell by _____.
This means many _____ were not happy.
So they _____ their shares.
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