ICI turns pink; Q4 shows profit

Mumbai, May 23 (UNI) ICI India has posted a net profit of Rs 10.61 crore for the quarter ended March 31, as compared to the net loss of Rs 1.01 crore for the corresponding quarter in FY-05.

Announcing the results, the company said its total income is Rs 193.03 crore for Q4 FY-06, as compared to Rs 188.18 crore in Q4 FY-05.

It has posted a net profit of Rs 50.15 crore for the year ended March 31, as against Rs 47.18 crore for FY-05).

The total income is Rs 907.83 crore for FY-06, as against Rs 782.41 crore in FY-05.

The company's board has recommended a dividend of Rs six per share (previous year Rs 5.50 per share) for the year. The dividend will be paid after approval of the shareholders at the annual general meeting scheduled to be held on July 26.

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