Neyveli Lignite in red, Q4 shows net loss of Rs 65.86 crore

Mumbai, June 9 (UNI) Neyveli Lignite Corporation has posted a net loss of Rs 65.86 crore for the quarter ended March 31, as compared to net profit of Rs 500.57 crore for the same quarter the previous fiscal.

Announcing the results, the company said its total income has decreased from Rs 1,264.95 crore in Q4 FY-05 to Rs 224.57 crore for Q4 FY-06.

It has posted a net profit of Rs 702.35 crore for the year ended March 31, as compared to Rs 1,215.0 crore for FY-05). Total income has decreased from Rs 3,646.78 crore in FY-05 to Rs 2,702.43 crore for FY-06.

The total interim dividend already paid for the year is 20 per cent.

The board had propose the same as the dividend for 2005-06.

UNI SN GK AG1823