Dredging Corporation Q1 net up 71%

Dredging Corporation today reported a 71% increase in net profit at Rs 38.94 crore for the first quarter ended June 30, 2005 as against Rs 22.73 crore in Q1FY05.

According to a release issued by the company to the BSE today, total income declined to Rs 120.92 crore in Q1FY06 from Rs 122.23 crore in Q1FY05.