Millennium Post

SPMCIL announces dividend of 20 per cent of post-tax profit

Security Printing & Minting Corporation of India Limited, the country sole supplier of coins, passports, postal stationeries, non judicial stamp papers and other security products and leading supplier of circulating notes has announced a dividend of 20 per cent of post tax profit of the company for the Financial Year 2011-12.

M S Rana, CMD, SPMCIL presented the cheque for Rs 116,49,31,916 to union minister for finance, P Chidambaram towards dividend declared by SPMCIL for the financial year 2011-12 at a brief function held on 5 October at Delhi. The government of India is holding the total equity capital in the company. On this occasion, the directors of SPMCIL and officers of ministry of finance and SPMCIL were also present.

The CMD briefed about the operational and financial performance of the company during the fiscal year 2011-12.

He said that sales of the company has increased to Rs 3422.68 crores during financial year 2011-12 from Rs 3164.49 crores in financial year 2010-11. The operating profit [PBDIT] of the company has increased to Rs 984.41 crores as against Rs 942.75 crores in the previous year 2010-11.
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