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Mundra Port Q4 profit rises 66%, declares dividend

Mundra Port Q4 profit rises 66%, declares dividend
PTI
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First Published: Wed, May 20 2009. 03 04 PM IST
Updated: Wed, May 20 2009. 03 04 PM IST
Mumbai: Adani Group-promoted Mundra Port and Special Economic Zone on Wednesday said its net profit grew 66% during the fourth quarter ended 31 March to Rs151.19 crore over the corresponding period a year ago.
The company had a net profit of Rs91.10 crore during the January-March quarter a year earlier, Mundra Port and Special Economic Zone said in a filing to the Bombay Stock Exchange.
Total income of the company during the March quarter of FY09 rose to Rs301.40 crore from Rs349.55 crore of the corresponding quarter previous year.
Mundra Port and Special Economic Zone has declared a final dividend of Re1 per share.
For the fiscal year ended 31 March 2009, the private sector cargo terminal posted a net profit of Rs461.08 crore, registering an over two-fold jump compared to Rs213.41 crore of FY08.
Total income during the FY09 also rose to Rs1,179.44 crore from Rs846.11 crore of 2007-08 fiscal.
Shares of Mundra Port and Special Economic Zone surged over 4% and were trading at Rs551.50 in the late afternoon trade on the BSE.
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First Published: Wed, May 20 2009. 03 04 PM IST