Hindustan Zinc Q4 net profit rises to Rs.9350 million, recommends 25% dividend

Hindustan Zinc Ltd has announced the Audited results for the quarter & year ended March 31, 2007.

The results for the Quarter ended March 31, 2007: The Company has posted a net profit of Rs 9350 million for the quarter ended March 31, 2007 as compared to Rs 8020 million for the quarter ended March 31, 2006. Total Income has increased from Rs 18130 million for the quarter ended March 31, 2006 to Rs 20950 million for the quarter ended March 31, 2007.

The results for the Year ended March 31, 2007: The Company has posted a net profit of Rs 44420 million for the year ended March 31, 2007 as compared to Rs 14720 million for the year ended March 31, 2006. Total Income has increased from Rs 40060 million for the year ended March 31, 2006 to Rs 87910 million for the year ended March 31, 2007.

The company has recommended final dividend @ 25% for the year 2006-2007.

The stock closed the day at Rs.667.60, up by Rs.12.85 or 1.96%. The stock hit an intraday high of Rs.682 and low of Rs.656.90. The total traded quantity was 214820 compared to 2 week average of 165933.

Source : Equity Bulls

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