Kochi, August 10: Public sector Cochin Shipyard Limited has declared a dividend on equity capital for the first time in its history at the annual general meeting held here Aug 7.
The total amount of dividend at the rate of 10 percent of equity share capital works out to Rs 11.32 crore, a shipyard release said. The company also declared 7 percent dividend on Preference share capital amounting to Rs 8.33 crore.
The net profit for the year 2008-09 was Rs 160 crore against Rs 94 crore for the previous year while the profit before tax was rs 247 crore against rs 149.40 crore.The gross income for 2008-09 was Rs 1300 crore against rs 967 crore.
The yard’s achievement last year includes delivery of four Platform Supply Ships in shipbuilding and undertaking of major repairs of Sagar Kiran and Sagar Bhushan of ONGC and INS Viraat of Indian Navy, the release said.
—Agencies