Financial Daily from THE HINDU group of publications
Saturday, May 20, 2006
Financial Daily from THE HINDU group of publications Saturday, May 20, 2006 |
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Corporate Results
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Financial Services Geojit net up 118 pc, to pay Rs 2.25 Our Bureau
Kochi , May 19 Geojit Financial Services has posted 118 per cent growth in net profit to Rs 22.71 crore, as total revenue crossed Rs 100 crore. The company recorded revenue of Rs 101.79 crore and profit before tax of Rs 33.12 crore for 2005-06. The board has declared a final dividend of Rs 2.25 a share. This, along with the interim dividend of Rs 1.75 declared earlier, takes the total dividend to Rs 4. The gross profit margin improved to 32.54 per cent (29.10 per cent) and net profit margin to 22.31 per cent (19.10 per cent). Earnings per share grew to Rs 15.40, up from Rs 7.19 of previous year. Through meticulous planning, superior technology and dedicated workforce of 1,800, the company was able to expand from 213 to 370 offices during the year, a release said. It currently manages over three lakh clients and Rs 5,000 crore of assets.
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