Geojit announces 33.12 cr profit before tax

By Staff
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Google Oneindia News

Kochi, May 18: Geojit Financial Services Ltd. today announced a turnover of Rs 101.79 crore for the year ended March, 2006, and profit before tax of Rs 33.12 crore.

After providing Rs 10.69 crore for tax, net profit is Rs 22.71 crore, the company said in a statement here.

The company also declared a final dividend of Rs 2.25 per share.

Adding the earlier declared interim dividend of Rs 1.75, the total dividend is now Rs 4 or 40 per cent.

Compared to last year, revenue went up by 87 per cent and profit before tax by 109 per cent and net profit by 118 per cent, the company said.

The credit for the impressive performance went to initiatives in branch expansion, technology and new products. From 213 offices last year, the company now has 370 offices in India, it said.

UNI

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