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Construction company NCC Ltd has recorded a significant drop in the company's net profit at Rs 50.37 crore for the fourth quarter ended March 31, 2011 on a consolidated basis as against Rs 91.94 crore for the corresponding quarter in the last financial year.
The company's turnover for the fourth quarter was also lower at Rs 1,734 crore (excluding other income) against Rs 1,812 crore in the year-ago quarter.
Earnings-per-share were at Rs 1.96 against Rs 3.58 (excluding exceptional item) for the corresponding period last year.
The board of directors have recommended a dividend of Re 1 an equity share of face value of Rs 2, equivalent to 50 per cent on the paid-up capital of Rs 51.32 crore.
NCC recorded a lower net profit of Rs 222.19 crore for the financial year ended March 31, 2011 on a consolidated basis as against Rs 242.32 crore (including exceptional items) for the previous year.
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