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Reliance Nippon Life declares Rs 5 per share interim dividend

The company closed the third quarter of the current fiscal with a net profit of Rs 130 crore

IANS  |  Mumbai 

on Tuesday said it closed the third quarter of the current fiscal with a net profit of Rs 130 crore and declared an interim of Rs 5 per share.

In a statement issued here the company that manages the assets of said it has posted a net profit of Rs 130 crore for the quarter ended December 31, 2017 logging a year-on-year growth of 25 per cent.

The company's revenue for the period under review stood at Rs 470 crore, a year-on-year growth of 31 per cent.

The Board of Directors had announced an interim of Rs 5 per share.

"We continue our focus towards profitable growth and get the highest share of money into capital markets from and foreign investors coming into India," Sundeep Sikka, was quoted as saying in the statement.

According to Sikka, during the past quarter the company has increased its presence in 89 new locations keeping up to the objective of getting continuous flows from smaller cities and towns.

As on December 31, 2017, assets under management were at Rs 3,87,871 crore.

--IANS

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, January 16 2018. 15:44 IST
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