Gujarat Gas FY04 net up 9%

Gujarat Gas Company today reported a 8.81% increase in consolidated net profit at Rs 76.91 crore for the year ended December 31, 2004 as against Rs 70.68 crore for the year ended December 31, 2003.

According to a release issued to the BSE today, total income declined to Rs 664.53 crore from Rs 726.77 crore in FY03.

The board has recommended a dividend of 100% i.e Rs 10 per share, the release added.

The stock closed marginally higher (Rs 6) at Rs 650 on the BSE today.