SAIL net down 18.1 percent

Thursday, 28 May 2009, 10:30 Hrs
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Mumbai: State-run Steel Authority of India Ltd (SAIL) Thursday reported an 18.1 percent drop in its net profit for 2008-09 at 6,174.9 crore, down from 7,536.7 crore recorded the year before.

The turnover during the period slipped 9.9 percent to 41,518.7 crore from 46,110.7 crore in 2007-08.

The steel major's fourth quarter net profit fell 37.4 percent to 14,86.6 crore despite the turnover increasing 10.1 percent during the period.

The company board of directors has recommended a dividend of 1.30 per equity share of 10 each in addition to 1.30 paid as interim dividend earlier.
Source: IANS
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