Jaiprakash Associates Q4 net profit at Rs.131 crores, recommends 16% final dividend

Jaiprakash Associates Ltd has announced the audited financial results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007 are as follows: The Company has posted a net profit after tax and exceptional item of Rs 1310 million for the quarter ended March 31, 2007 as compared to Rs 840 million for the quarter ended March 31, 2006. Total Income is Rs 9160 million for the quarter ended March 31, 2006 to Rs 9160 million for the quarter ended March 31, 2007.

The results for the Year ended March 31, 2007 are as follows: The Company has posted a net profit after tax and exceptional item of Rs 4150 million for the year ended March 31, 2007 as compared to Rs 6400 million for the year ended March 31, 2006. Total Income has increased from Rs 33240 million for the year ended March 31, 2006 to Rs 35780 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on May 18, 2007, inter alia, has recommended final Dividend of Re 1.60 per share (16%) amounting to Rs 35.08 Crores (excluding Dividend Distribution Tax of Rs 5.96 Crores) in addition to the interim Dividend of Rs 2 per share (20%) amounting to Rs 43.74 Crores paid in January, 2007 in respect of the Financial Year ended March 31, 2007. Thus the total Dividend for the year ended March 31, 2007 would be 36% aggregating to Rs 78.82 Crores, excluding aggregate dividend tax of Rs 12.09 Crores.

Source : Equity Bulls

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