GM Breweries said that the net profit for the fourth quarter ended March 31, 2009 rose to Rs.2.84 crore from Rs.2.23 crore in the same quarter last year. Total income increased to Rs.51.58 crore from Rs.48.98 crore in the year ago quarter.

On an annual basis, the company 's net profit declined to Rs.9.06 crore in the year ended March 31, 2009 from Rs.14.73 crore in the previous year. Total income grew to Rs.209.95 crore from Rs.186.12 crore in the last year.

The company recommended dividend of 20% or Rs.2.00 per share for the fiscal year 2008-09.

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