BEML announces Q1 results

Bharat Earth Movers Ltd (BEML) has announced the following Unaudited Results for the quarter ended June 30, 2006:

The Company has posted a net profit of Rs 150.10 million for the quarter ended June 30, 2006 as compared to Rs 124.10 million for the quarter ended June 30, 2005. Total Income (net of excise) has decreased from Rs 3827.90 million for the quarter ended June 30, 2005 to Rs 3437.60 million for quarter ended June 30, 2006.

The Board also recommended a Dividend of 100% on the paid-up capital inclusive of Interim Dividend of 30% already paid.

Source : Equity Bulls

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