India: DCI Posts Results for Period Ended June 30

Dredging Corporation of India Ltd has announced its Financial Results for the period ended June 30, 2012.

The company has posted net profit / (loss) of (Rs.66.8) million for the quarter ended June 30, 2012 as compared to Rs.30.2 million for the quarter ended June 30, 2011.

Total income was at Rs.1292.7 million for the quarter ended June 30, 2012 where as the same was at Rs.1133.7 million for the quarter ended June 30, 2011, representing an increase of 14.02%.

The company has reported an EPS of (Rs.2.39) for the quarter ended June 30, 2012 as compared to Rs.1.08 for the quarter ended June 30, 2011.

Shares of Dredging Corporation of India Ltd was trading in BSE at Rs.272.75, up by Rs.5.80 or 2.17%. The stock hit an intraday high of Rs.277 and low of Rs.265.40.

The total traded quantity was 0.24 lakhs compared to 2 week average of 0.29 lakhs.

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Source: equitybulls, August 13, 2012; Image: dredge-india