Hindustan Zinc net up 165%

Hindustan Zinc Ltd has 165 per cent rise in net profit at Rs 228 crore in fourth quarter ended March 31, 2005, compared with Rs 86 crore posted during the corresponding period of previous fiscal.

The company's net sales rose by 40 per cent to Rs 724 crore during the quarter, as against Rs 517 crore posted in fourth quarter a year ago. Hindustan Zinc has proposed a dividend of 17.5 per cent in the reporting financial year

The company's net profit for the year ended March 31, 2005, rose by 62 per cent to Rs 655 crore as against Rs 405 crore, while it posted a net sales of Rs 2,187 crore, up by 19 per cent from Rs 1,841 crore posted during the 12-month period of previous fiscal.