SAIL Q4 net up swings 72.39%, announces dividend

New Delhi, May 21 (UNI) State-run Steel Authority of India Ltd (SAIL) today clocked 72.39 per cent jump in its net profit at Rs 1,901.88 crore for the quarter ended March 2007 against Rs 1,103.2 crore for the same period last fiscal.

The company's total income stood at Rs 10,623.87 crore for the said quater, up by 16.04 per cent compared to Rs 9,155.31 crore for the quater ended last year.

SAIL's net profit for the year ended March 31, 2007 also increased by 54.55 per cent to Rs 6,202.29 crore from Rs 4,012.97 crore last year while its total income increased to Rs 35,865.42 crore from Rs 29,339.01 crore in the said period.

The company's Board of Directors has recommended a final dividend of 15 per cent on paid up equity share capital, in addition to the interim dividend of 16 per cent already paid for the last fiscal.

UNI