Century Enka Q4 net profit at Rs.13.80 million, recommends Rs.6 dividend

Century Enka 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 of Rs 13.80 million for the quarter ended March 31, 2007 as compared to Rs 36.60 million for the quarter ended March 31, 2006. Total Income (net of Excise) has decreased from Rs 2620.20 million for the quarter ended March 31, 2006 to Rs 2478.30 million for the quarter ended March 31, 2007.

The Audited results for the year ended March 31, 2007: The Company has posted a net profit of Rs 167.20 million for the year ended March 31, 2007 as compared to Rs 175.90 million for the year ended March 31, 2006. Total Income (net of Excise) has decreased from Rs 10050.30 million for the year ended March 31, 2006 to Rs 9985.70 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on May 03, 2007, inter alia, has recommended dividend of Rs 6.00 per equity share for the year ended March 31, 2007 (Previous year Rs 6.00 per equity share).

The stock closed the day at Rs.144.50, up by Rs.6.70 or 4.86%. The stock hit an intraday high of Rs.145.75 and low of Rs.137.10. The total traded quantity was 62565 shares compared to 2 week average of 17157.

Source : Equity Bulls

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