Business Daily from THE HINDU group of publications
Thursday, May 31, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, May 31, 2007 ePaper |
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Corporate Results
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Power Corporate - Dividend Announcement NTPC Q4 net up 11%; to pay 8% final Our Bureau
New Delhi May 30 NTPC Ltd on Wednesday posted a 10.75 per cent increase in net profit at Rs 1,734.70 crore for the fourth quarter ended March 31, as compared to Rs 1,566.30 crore for the same period last year. Total income (net of electricity duty) grew 14.38 per cent to Rs 9,546.70 crore (Rs 8,346.40 crore), NTPC said in a statement to the BSE. The company's board today declared a final dividend of eight per cent of the paid-up equity share capital in addition to the interim dividend of 24 per cent announced in February. For the year ended March 31, the company recorded a net profit of Rs 6,864.7 crore (Rs 5,820.2 crore) and the total income (net of electricity duty) increased to Rs 35,380.7 crore (Rs 29,339.3 crore). The NTPC stock closed at Rs 160.30 per share on the BSE, down 0.28 per cent from the previous days close.
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