Millennium Post

NMDC registers Rs 7,265 PAT cr for FY12

State-owned NMDC on Monday posted profit before tax (PBT) of Rs 10,759.47 crore and a net profit (PAT) of Rs 7,265.39 crore for the year 2011-12 against PBT of Rs 9,725.66 crore and PAT of Rs 6,499.22 crore registering an improvement of 11 per cent and 12 per cent respectively over last year 2010-11.

The production and sales of iron ore for the year 2011-12 have reached a level of 27.26 MT and 27.30 MT respectively representing an increase of 8 per cent and 4 per cent respectively in comparison to 2010-11 and posted turnover of Rs 11,261.89 crore for the year 2011-12.

For the year 2011-12, an interim dividend of 200% per equity share has already been paid and on Monday the board of directors have recommended a payment of final dividend at 250 per cent on the paid up equity share capital of the company subject to shareholders approval. The total dividend for the year 2011-12 would be at 450 per cent per equity share.

The earnings per share is at Rs 18.33 per share for the year ended 2011-12 in comparison with that of the previous year of Rs 16.39 per share - annualised.

The quantity of domestic sales of iron ore increased by 13% where as exports reduced by 85 per cent for catering to the needs of the domestic market.  Speaking on the occasion, NMDC chairman C S Verma said: ‘NMDC has the potential and the resources to play a key role in the industrial development of the country. In the coming years iron ore production will have to grow exponentially to cope up with demands of the customer companies, and also NMDC’s own steel plant.’
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