GE Shipping FY07 net up 7%, to pay Rs 4.50/shr

Great Eastern Shipping Company (GE Shipping) has posted a 7% increase in consolidated net profit at Rs 912.43 crore for the year ended March 31, 2007 (FY07) when compared with Rs 852.12 crore for the year ended March 31, 2006 (FY06).

According to an official release issued by the company to the BSE today, total income has decreased to Rs 2417.73 crore for the year ended March 31, 2007 from Rs 2459.41 crore for the year ended March 31, 2006.

For the quarter ended March 31, 2007 (Q4FY07), the company has posted a net profit of Rs 240.92 crore as compared to Rs 183.52 crore for Q4FY06. Total income has increased to Rs 592.67 crore for Q4FY07 from Rs 549.88 crore for Q4FY06.

The board of the company at its meeting held today, inter alia, has recommended a final dividend @ Rs 4.50/- per share for FY07.