BOC records 181 per cent growth in net profit

Kolkata, May 8: BOC India limited, a subsidiary of The BOC Group Plc., recorded 32 per cent growth in turnover to Rs 560.93 crore and 181 per cent growth in net profit to Rs 78.63 crore for the year ended March 31, 2006.

Increased sales volumes coupled with improved price realisation in certain product groups had a positive impact on the year's performance.

Enhanced operating efficiencies, new business wins and strong performance from Project Engineering division also contributed to the Company's results, according to a company spokesperson.

The Board of Directors at a meeting here today recommended dividend of 30 per cent (Rs. 3/- per equity share) for the financial year ended March 31, 2006, compared to 15 per cent in the last fiscal year.

UNI