Wednesday, November 14 2018

August 28, 2018

Dredging Corporation of India Limited Announces 20% Dividend for 2017-18

Dredging Corporation of India Limited

The Dredging Corporation of India Limited has declared a 20% dividend on the paid up capital of Rs.28 Crore for the year 2017-18. A cheque of Rs. 4,11,44,026 (Rs. 4.11 Crore ) was handed over to Nitin Gadkari, Minister of Shipping, Road Transport.The Company earned a profit of Rs.1664.27 lakh after tax for the year as compared to Rs.712.26 lakh for the previous year. The operational income of the Company was Rs.59187.36 lakh as compared to Rs.58514.77 lakh for the previous year. The total income for the year is Rs.61211.90 lakh as compared to Rs.59896.55 lakh for the previous year. The Companys earning per share for 2017-2018 has increased to Rs 5.94 as compared to Rs.2.54 for the previous year.