ONGC declares final dividend at 200 pc for 2005-06

Mumbai, June 26 (UNI) The state owned Oil&Natural Gas Corporation Ltd (ONGC) has posted a net profit of Rs 3085.89 crore for the quarter ended March 31, 2006 as compared to Rs 3797.66 crore for the quarter ended March 31, 2005 .

Announcing the results, the company said its total income (net of excise) has decreased from Rs 12641.98 crore in Q4 FY 04-05 to Rs 12528.23 crore for Q4 FY 05-06.

It has posted a net profit after tax of Rs 14430.78 crore for the year ended March 31, 2006 (FY 05-06) as compared to Rs 12983.05 crore for the year ended March 31, 2005. Total Income (net of excise) has increased from Rs 48092.73 crore in FY 04-05 to Rs 50277.86 crore for FY 05-06.

The Board of Directors has recommended Final dividend of 200 per cent (Rs 20/- per share), over and above 250 per cent (Rs 25/- per share) already paid in December 2005, subject to approval of the shareholders at the ensuing Annual General Meeting.

UNI SN PM SKB1959