Gail FY06 net up 18%

 According to an official release isssued by Gail to the BSE today, total income for FY06 increased to Rs 16806.83 crore from Rs 13940.43 crore in FY05. Net profit for Q4FY06 was Rs 409.26 crore down 22% from Rs 523.53 crore in Q4FY05. However, total income for Q4FY06 increased to Rs 4292.22 crore from Rs 3663.14 crore in Q4FY05.

 The board of the company has recommended payment of final dividend at the rate of 20% on the paid-up share capital for FY06, which is in addition to interim dividend at the rate of 60% and special interim dividend at the rate of 20% on the paid-up share capital, already declared and paid, the release said.