Shipping Corporation Q4 net up by 42.7 pc to Rs 350.13 crore

Mumbai, June 15 (UNI) The public sector Shipping Corporation of India Ltd has posted a net profit of Rs 350.13 crore for the quarter ended March 31, 2006, as compared to Rs 611.13 crore for the quarter ended March 31, 2005, a fall of 42.70 per cent.

Announcing the results, SCI said its total income has increased from Rs 958.0 crore in Q4 FY 04-05 to Rs 1089.25 crore for Q4 FY 05-06.

It has posted a net profit of Rs 1042.20 crore for the year ended March 31 (FY 05-06) as compared to Rs 1419.91 crore for the year ended March 31 (FY 04-05). Total Income has decreased from Rs 3,645.78 crore in FY 04-05 to Rs 3,584.49 crore for FY 05-06.

The Board of Directors had declared an Interim dividend of Rs 8.5 per share at the Board Meeting held on January 27 and the same will be deemed as final dividend. The pay out of interim dividend works out to Rs 239.96 crore and payment of tax on it was Rs 33.65 crore.

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