Financial Daily from THE HINDU group of publications
Tuesday, May 17, 2005
Financial Daily from THE HINDU group of publications Tuesday, May 17, 2005 |
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Corporate Results
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Real Estate & Construction NCCL board clears share-split plan Our Bureau
Hyderabad , May 16 The board of directors of Nagarjuna Construction Company Ltd (NCCL), at its meeting held on Monday, approved sub-division of equity shares of Rs 10 each into five equity shares of Rs 2 each. The board also recommended an equity dividend of 60 per cent for the fiscal ended March 2005 against 40 per cent the previous year. Q4 sales, net up As per the financial results approved by the board on Monday, the company posted turnover of Rs 452.25 crore and net profit of Rs 23.62 crore for the fourth quarter ended March 2005, against Rs 292.34 crore and Rs 11.32 crore respectively in the corresponding previous period. For the year, the company reported turnover of Rs 1,193.38 crore (Rs 762 crore) and net profit of Rs 57.27 crore (Rs 31.57 crore), yielding an EPS of Rs 45.85 (Rs 32.66), according to a company release. The company has also approved a business plan for the current fiscal, projecting a growth of 50 per cent in turnover at Rs 1,800 crore, the release added.
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