The Hindu Business Line : ABG Shipyard Q4 PAT up 12.84 per cent

MUMBAI: ABG Shipyard on Saturday reported a 12.84 per cent jump in profit after tax (PAT) at Rs 51.96 crore for the quarter ended March 31, 2009, as compared with Rs 46.05 crore shown during the same period last year.

The company's net sales for the reporting quarter was Rs 370.86 crore against Rs 276.68 crore in the same period a year ago, a jump of 34.04 per cent, it said.

Its net profit for the year-ended March 31, 2009 was at Rs 171.10 crore from Rs 160.68 crore a year ago, up by 6.48 per cent, ABG Shipyard said. Its net sales for the year-ended March 31 was Rs 1,412.20 crore up 46.06 per cent from Rs 966.84 crore a yea r ago.

The company's board has recommended a dividend of Rs two per share of Rs 10 each.

As on March 31, 2009, its order book stands at Rs 11,500 crore. During 2008-09, it bagged orders worth Rs 305 crore from Marnavi Spa and Council for Scientific and Industrial Research.

“We expect pick-up in growth momentum in order book as we see stability in trade and increased activity in oil and gas exploration,'' ABG Shipyard CFO Dhananjay Datar said. - PTI

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