HDFC registers 32 pc rise in revenue

Mumbai, May 3 (UNI) Housing Development and Finance Corporation (HDFC) registered a 32 per cent rise in revenue to Rs 33,332 crore for 2006-07 compared to Rs 25,634 crore in the previous year.

The Company has announced a dividend of Rs 22 per share for its shareholders.

Disbursements for the year amounted to Rs 26,178 crore as compared to Rs 20,679 crore during the previous year, representing an increase of 27 per cent.

The loan portfolio, inclusive of investment in debentures, pass through certificates, security receipts and inter-corporate deposits for financing real estate projects, amounted to Rs 57,988 crore as compared to Rs 46,492 crore in the previous year.

The Corporation's main business is to provide loans for the purchase or construction of residential houses. All other activities of the corporation revolve around the main business.

UNI