India: DCI Reports Q4 Loss

DCI Reports Q4 Loss

Dredging Corporation of India Ltd has announced its Financial Results for the period ended December 31, 2011.

The company has posted net profit / (loss) of (Rs.286) million for the quarter ended Dec. 31, 2011 as compared to Rs.96.3 million for the quarter ended Dec. 31, 2010.

Total income was at Rs.777.1 million for the quarter ended December 31, 2011 where as the same was at Rs.1262.8 million for the quarter ended December 31, 2010, representing a decrease of 38.46%.

The company has reported an EPS of (Rs.10.21) for the quarter ended December 31, 2011 as compared to Rs.3.44 for the quarter ended December 31, 2010.

The company has posted net profit / (loss) of (Rs.157.8) million for the 9 months period ended Dec. 31, 2011 as compared to Rs.282.8 million for the 9 months period ended Dec. 31, 2010.

Total income was at Rs.3052.8 million for the 9 months period ended December 31, 2011 where as the same was at Rs.3655.3 million for the 9 months period ended December 31, 2010, representing a decrease of 16.48%.

The company has reported an EPS of (Rs.5.64) for the 9 months period ended December 31, 2011 as compared to Rs.10.10 for the 9 months period ended December 31, 2010.

Shares of Dredging Corporation of India Ltd was trading in BSE at Rs.306.40, up by Rs.1.15 or 0.38%. The stock hit an intraday high of Rs.319 and low of Rs.305.

The total traded quantity was 0.57 lakhs compared to 2 week average of 0.51 lakhs.

[mappress]

Dredging Today Staff, February 17, 2012; Image: dredge-india

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