ITDC recorded `9.42-cr profit in last fiscal

India Tourism Development Corporation (ITDC) has posted a profit after tax (PAT) of Rs 9.42 crore for the financial year 2013-14.

ITDC, a public sector undertaking under Tourism Ministry, registered a turnover of Rs 469.58 crore during the same period.

The Board of Directors, during their meeting on Thursday, also approved an annual dividend of Rs 4.29 crore, an ITDC release said.

The dividend amount is about 46 per cent of the company's profit after tax. A Mini Ratna company,  India Tourism Development Corporation has been making profits for the last three years.

The board has approved the annual accounts for the financial year 2013-14.

According to the release, ITDC has introduced the Balanced Score Card System (BSC) a performance management tool on four dimensions — customer, employee, internal process and financial. It is also increasing the use of technology to differentiate ITDC and to move to the next  level in order to command better price, margins and revenue growth.