Financial Daily from THE HINDU group of publications
Friday, Jun 25, 2004
Financial Daily from THE HINDU group of publications Friday, Jun 25, 2004 |
||
|
|
||
|
Money & Banking
-
Financial Performance Corporate Results - Housing Finance LIC Housing profit down at Rs 167 cr Our Bureau
Mumbai , June 24 NON-performing assets drove down LIC Housing Finance's net profit by 6.4 per cent for the year-ended March 31, 2004. Net profit for the period fell to Rs 167.47 crore, from Rs 178.97 crore the previous year. The company said it has taken several initiatives to control defaults. NPAs have come down to 2.37 per cent from 3.22 per cent the previous year. Total income for the year fell to Rs 985 crore, from Rs 1,013 crore. Total sanctions, at Rs 4,693 crore, grew 38 per cent during the period. Disbursements grew 37 per cent. The outstanding mortgage portfolio as on March 31, 2004, amounted to Rs 9,892 crore, as against Rs 7,772 crore as on the same date last year, showing a growth of 27.28 per cent. The board of directors has recommended a dividend of 50 per cent.
More Stories on : Financial Performance | Housing Finance
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|