Sesa Goa net profit more than doubleApril 29th, 2008 - 9:31 pm ICT by admin
Mumbai, April 29 (IANS) Iron ore exporter Sesa Goa Ltd, a subsidiary of Vedanta Resources, has announced a net profit of $385.37 million (Rs.15.41 billion) during 2007-08 compared to $161.52 million of the previous fiscal. The total income increased to $974.2 million for the fiscal from $565.7 million of 2006-07.
For the fourth quarter (January-March) of the year under review, the company posted a profit after tax (PAT) of $373 million compared to $151.6 million of the year-ago period.
Considering the robust growth, the board of directors recommended a dividend of Rs.30 per share on the existing capital.