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CONCOR Q3 net profit up by 13.8% at Rs 228 cr
January 21, 2011
Container Corporation of India Limited (CONCOR),
a PSU under Ministry of Railways, today said its net profit
for the third quarter this fiscal has registered a growth of
13.89 per cent at Rs 228 crore as compared to the same period
last in the financial year.
The pperating income during this period was around Rs 971
crore, with an increase of 9.8 per cent over the corresponding
period last year, an official release said. The other income
was Rs 48 crore, up by 25.47 per cent.
With this, CONCOR Board has announced an interim dividend of
75 per cent (Rs 7.50 per share of face value Rs 10) to its
shareholders for 2010-11, amounting to about Rs 97.5 crore. It
is the highest interim dividend announced by the PSU so far.
The rail container operator has demonstrated once again that
rail based logistics could be the mainstay of the logistic
sector, which would propel the country towards greater
industrial growth, the release said.
CONCOR is also planning to invest in logistics parks to
effectively exploit recent Indian Railway policy announcement
granting entry to private operators in bulk movement and bulk
Earlier this month, CONCOR paid a dividend of Rs 114.65 crore
for the year 2009-10 to the Railway Ministry.