Sesa Goa net profit up 279%

BS 200 SCORECARD

Sesa Goa has recorded a 279.45 per cent jump in net profit of Rs 98.28 crore for the quarter ended December 31, 2004, compared with Rs 25.9 crore in the corresponding quarter of previous year.

The board of directors at their meeting held on December 17, 2004 have recommended issue of bonus shares in the ratio 1:1 and have declared an interim dividend of Rs 5 per share( which has since been paid).

The company's income from operations stood at Rs 350.92 crore against Rs 203.4 crore during the quarter ended December 2003. During the quarter under review, depreciation stood at Rs 4.10 crore and interest outgo at Rs 0.78 crore.

Other income stood at Rs 2.56 crore compared with Rs 1.19 crore in the same quarter ended December 2003.