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New Delhi, April 16

Petronet LNG Ltd has posted a net profit of Rs 120.03 crore for the quarter ended March 31, 2008 as compared to Rs 106.0 crore for the quarter ended March 31, 2007. Total income has increased to Rs 1,770.54 crore for the fourth quarter from Rs 1,553.67 crore for the quarter ended March 31, 2007.

For the year ended March 31, 2008, Petronet has posted a net profit of Rs 474.65 crore (Rs 313.25 crore). Total income has increased to Rs 6,608.89 crore for the year ended March 31, 2008 (Rs 5,545.55 crore).

The company board has recommended a dividend of Rs 1.50 per equity share (15 per cent on an equity share of par value of Rs 10) for the year ended March 31, 2008. This payment is subject to approval of the shareholders in the ensuing Annual General Meeting of the company.

– Our Bureau

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