CMC FY08 net up 37.62% at Rs 88.22 cr

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New Delhi, Apr 17 (UNI) CMC Ltd today said it has recorded 37.62 per cent increase in its net profit for the year ended March 31, 2008 at Rs 88.22 crore as compared to Rs 64.10 crore in the previous year.

The revenues of the company for the year ended March 31, 2008 declined 0.5 per cent at Rs 989.09 crore compared to Rs 994.40 crore in the previous year, a statement said here.

The company's net profit on consolidated basis for the quarter ended March 31, 2008 increased 10 per cent to Rs 24.02 crore from Rs 21.91 crore in the same period last year.

Operating revenues for the FY08 declined 1.3 per cent to Rs 1064.74 crore compared to Rs 1079.81 crore in the previous year.

The Operating Profit for the FY08 increased by 20 per cent to Rs 119.06 crore as compared to Rs 98.97 crore in the previous year, the statement added.

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