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Stock Report
MRPL Q4 net profit at Rs.181.88 crores, recommends 8% dividend
Posted On : 2007-05-11 07:53:55( TIMEZONE : IST )
Mangalore Refinery & Petrochemicals Ltd (MRPL) has announced the financial results for the quarter & year ended March 31, 2007. The Unaudited results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 1818.80 million for the quarter ended March 31, 2007 as compared to net loss of Rs 295.00 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 64334.10 million for the quarter ended March 31, 2006 to Rs 68359.40 million for the quarter ended March 31, 2007.
The Audited results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit of Rs 5255.30 million for the year ended March 31, 2007 as compared to Rs 3716.10 million for the year ended March 31, 2006. Total Income (net of excise) has increased from Rs 250443.20 million for the year ended March 31, 2006 to Rs 287068.30 million for the year ended March 31, 2007.
The Board of Directors of the Company at its meeting held on May 11, 2007, inter alia, has recommended dividend of Eight percent on the equity capital and 0.01 per cent on the 0.01% preference share capital for the year ended March 31, 2007.
