Kesoram registers record profit in 2007-08

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Kolkata, May 5 (UNI) Kesoram Industries Limited (KIL) has recorded a growth of about 37 per cent to Rs 3,440,32 crore in the last fiscal as compared to Rs 2,516.46 crore in 2006-07, KIL Director S K Parik said today.

Announcing the annual results of the company for 2007-08, Mr Parik said the profit before interest and depreciation jumped over 60 per cent from Rs 433.59 crore to Rs 695.86 crore during the period.

He said the net profit for the year has similarly jumped by over 44 per cent to Rs 383.35 crore.

The earning per share for the year, he said, was Rs 83.80 against Rs 58.08 per share last year, an appreciation of over 44 per cent.

The Board has recommended a dividend of 55 per cent for 2007-08, which was the highest ever, he said.

''In the history of Kesoram, this is the highest-ever profit in the company. The excellent results were largely due to major contributions from the two cement units of Vsavdatta Cement at Sedam in Karnataka and Kesoram Cement at Basantnagar in Andhra Pradesh and the tyre unit at Balasore in Orissa,'' Mr Parik maintained.


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