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CESC's net profit up 12.7 percent
25 June, 2011
City-based power utility company CESC Ltd announced that its
profit after tax (PAT) for the year 2010-11 increased to
Rs.488 crore from Rs.433 crore during the previous year --
posting a growth of 12.7 percent.
According to a company release, its net sales for the year
2010-11 grew to Rs.3,940 crore from Rs.3,293 crore in 2009-10,
a growth of over 19 percent.
Profit before tax (PBT) for the year under review increased by
over 17 percent to reach Rs.614 crore from Rs.522 crore in the
Generation during the year increased by 12 percent due to
commissioning of Budge Budge Unit 3, which enabled the company
to meet a 7 percent increase in demand in spite of reduction
Rise in depreciation and interest
cost for the year were mainly on account of commissioning of
the 250 MW third unit of Budge Budge plant.
The company's board recommended a dividend of Rs.4 per share
for the year - same as last year, the release added.