Shipping Corporation Q4 net down 18.7 pc

By Staff
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Google Oneindia News

New Delhi, June 15 (UNI) Shipping Corporation of India (SCI) today said it has registered 18.7 per cent dip in its net profit at Rs 284.65 crore for the quarter ended March 31, 2007 as compared to Rs 350.13 crore during the corresponding period last year.

The company's total income also decreased by 6.82 per cent to Rs 1,080.56 crore for Q4FY07 as against Rs 1,159.77 crore in the same period last year.

Its net profit stood at Rs 1,014.58 crore for the year ended March 31, 2007 from Rs 1,042.20 crore last year.

However, the company's year-ended total income increased to Rs 4,210.36 crore from Rs 3,762.33 crore last fiscal.

Shipping Corporation's Board of Directors had declared an interim dividend of Rs 8.5 per share. The interim dividend of 85 per cent on paid-up equity capital of the company, of Rs 8.5 per share amounted to Rs 23,996 lakhs and payment of tax on this dividend was Rs 3,365 lakhs.

No further dividend has been recommended, and as such the interim dividend will be deemed as final dividend.

UNI

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