RCF Q4 net up 29%

State-owned Rashtriya Chemicals and Fertilizers Ltd has posted a 29 per cent rise in net profit at ₹152 crore (₹118 crore) for the quarter ended March 31, 2014. However, turnover was down to ₹1,951 crore (₹2,148 crore). The board has recommended a dividend of ₹1.50 a share. For the full year, profit after tax was ₹250 crore (₹281 crore). The annual turnover for FY-14 stood at ₹6,703 crore (₹6,899 crore). Lower trading activity contributed to fall in turnover, the company said. On Thursday, RCF scrip closed 3.34 per cent lower at ₹39.10 on the BSE.