The Hindu Business Line : Mundra Port net rises 12%

Mundra Port and SEZ Ltd's PAT increased by 12 per cent Rs 210.42 crore (Rs 187.17 crore) while its revenues went up by 44 per cent Rs 844.92 crore (Rs 586.95 crore) in the fiscal 2007-08, according to the consolidated audited financial results declared by the company here on Wednesday. EPS has increased from Rs 5.19 to Rs 5.61.

The board has recommended a dividend of Rs 1.50 a share on paid-up equity share capital subject to the approval of shareholders. During the year ended March 31, 2008, the company completed its initial public offering to raise Rs 1,771 crore, and allotted 40.25 million equity shares of Rs 10 each at a premium of Rs 430 a share. The equity shares of the company were listed on November 27, 2007 on BSE and NSE. - Our Bureau

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