HTMT net profit Rs 698.12 cr for FY07

Mumbai, May 26 (UNI) Hinduja TMT Ltd (HTMT) has posted a net profit of Rs 689.12 crore for the FY07 as against Rs 40.27 crore in the previous year.

The total income was Rs 1077.03 crore for the same period as against Rs 255.95 crores in the previous fiscal.

"Such income was mainly due to a one time gain from the sale of the Hutch stake. The net profit for the year was at Rs 689.12 crores as against Rs 40.27 crores," said the company in a statement.

HTMT, recommended a final dividend of 100 per cent on its shares.

This final dividend is in addition to the 200 per cent special interim dividend announced and paid post the Hutch stake sale on predemerged equity of Rs.40.97 crores, the company added.

UNI