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Our Bureau

Board recommends 15% dividend for FY07

New Delhi June 1 Punj Lloyd Ltd has announced a consolidated net profit of Rs 196.03 crore for 2006-07, up from the Rs 54 crore net profit reported during the previous fiscal. The company's consolidated income for 2006-07 stood at Rs 5,206 crore, up from Rs 1,716.60 crore during the previous fiscal.

Punj Lloyd had acquired 100 per cent stake in Singapore-based Sembawang Engineers and Constructors during the year, which contributed Rs 2155.20 crore to revenues and Rs 28.6 crore to net profit.

For the quarter ended March 31, 2007, the company's consolidated net profit stood at Rs 88.49 crore. The company said that comparisons would not be possible as the corresponding numbers were not prepared the last time.

The company's board of directors has recommended a dividend of 15 per cent for 2006-07, subject to the approval of shareholders.

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Punj Lloyd Q4 consolidated net at Rs 88.49 cr

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