Sterlite Optical Q4 profit after tax at Rs.193.20 million, declares 15% dividend

Sterlite Optical Technologies Ltd has announced the results for the quarter & year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007: The Company has posted a net profit after tax of Rs 193.20 million for the quarter ended March 31, 2007 where as the same was at Rs 224.00 million for the quarter ended March 31, 2006. Total Income is Rs 3879.90 million for the quarter ended March 31, 2007 where as the same was at Rs 1466.30 million for the quarter ended March 31, 2006.

The Audited results for the Year ended March 31, 2007: The Company has posted a net profit after tax of Rs 508.60 million for the year ended March 31, 2007 where as the same was at Rs 407.70 million for the year ended March 31, 2006. Total Income is Rs 12033.00 million for the year ended March 31, 2007 where as the same was at Rs 5668.30 million for the year ended March 31, 2006.

The Company has acquired "Power Transmission Line"(PTL) Business from Sterlite Industries India Ltd (SIIL) on going concern basis w.e.f. July 01, 2006. Hence figures for current period/s are not comparable to figures for the previous period/s.

The stock closed the day at Rs.188.55, down by Rs.0.25 or 0.13%. The total traded quantity was 75435 compared to 2 week average of 180392. The stock hit an intraday high of Rs.192.85 and low of Rs.186.70.

The Board of Directors of the Company at its meeting held on April 30, 2007, inter alia, has declared dividend @ 15%.

Source : Equity Bulls

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