NBCC bottom line up by 9.11%
NEW DELHI . Shri Anoop Kumar Mittal, CMD of NBCC, informed the Shareholders in the 53 rd AGM ,that the Company's financial performance in the year 2012-13 has been impressive as compared to previous year, with improvement in Profit Before Tax from Rs.289.83 crore to Rs.301.64 crore and Profit After Tax from Rs.190.17 crore to Rs.207.50 crore despite fall in turnover from Rs.3429.32 crore to Rs.3186.82 crore. Being fairly optimistic of not only achieving the targeted turnover of Rs.3600 crore and earning higher margins in the financial year 2013-14, NBCC has proposed to declare dividend @ 37.5% (previous year 35%), he added. The total dividend payout works out to Rs.52.30 crore including dividend tax of Rs.7.30 crore. Apart from the highlights on financial performance, Mittal also specifically said that theCompany has massive plans to aggressively tap the Real Estate market by constructing Residential and Commercial projects in every state and main cities of the Country. Real Estate projects to come up on land admeasuring 145 acres (approx.) already procured by NBCC at different locations will result in taking care of the bottom line, Mittal added .
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