Geojit Commodities net profit up by 123 per cent

Kochi, May 28 (UNI) Geojit Commodities has posted a 123 per cent growth clocking a net profit of Rs 4.88 crore during 2006-07, as against Rs 2.19 crore in the previous year.

Profit Before Tax jumped to Rs 7.64 crore from Rs 3.28 crore.

Total revenue also rose by 141 per cent to Rs 26.53 crore from Rs 10.98 crore. Earning per share increased 102 per cent to Rs 13.79 from Rs 6.84, Geojit Commodities Senior Vice-President C P Krishnan said in a statement here today.

Attributing the company's performance to expertise in the field and service-oriented mindset, he said more than 60 per cent of the total deliveries in May 2007, valued at Rs 125 crore, were carried out through Geojit Commodities Ltd.

Of the 9,166 metric tonnes of rubber delivery were taking place through NMCE, 5,915 metric tonnes were effected through Geojit.

Similarly, of the 3,510 metric tonnes of pepper delivery in NMCE, 2,366 metric tonnes were through Geojit.

In the case of other national commodity exchanges, 70 per cent of rubber delivered in the MCX and 61 of pepper delivered in the NCDEX were through Geojit, he added.

UNI