Dredging Corporation announces higher Q1 net profit of Rs.53.92 Crores

Dredging Corporation of India Ltd has announced the following Un-Audited results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 539.20 million for the quarter ended June 30, 2007 as compared to Rs 332.50 million for the quarter ended June 30, 2006. Total Income has increased from Rs 1154.00 million for the quarter ended June 30, 2006 to Rs 2049.50 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.19.26 for the Quarter ending June 30, 2007 compared to Rs.11.88 for Quarter ending June 30, 2006.

The stock was trading at Rs.492, up by Rs.2.10 or 0.43%. The stock hit an intraday high of Rs.502.70 and low of Rs.491. The total traded quantity was 2195 compared to 2 week average of 7286.

Source : Equity Bulls

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