The company's shipping freight and charter hire income for the reporting year rose 26.49 per cent to Rs 850.80 crore, compared with Rs 672.62 crore recorded during the same period of the previous financial year. This was mainly due to acquisition of additional vessels, the company informed BSE today.
Varun Shipping has recommended a final dividend of 20 per cent for the financial year. This is in addition to two interim dividends of 15 per cent each already declared and paid earlier.
The company's total dividend for the year stands at around 50 per cent, compared with 45 per cent in the previous year.
