South India Corporation (Agencies) Limited (SICAL) recorded a net profit of Rs 19.81 crore in the fourth quarter of 2004-05, as compared to a net profit of Rs 0.51 crore in the corresponding period of the previous year. | |
| For the fourth quarter, the company's net sales stood at Rs 442.55 crore, higher by 24.62 per cent in relation to the previous year's net sales of Rs 355.10 crore. |
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| For the year 2004-05, the company's net profit stood at Rs 31.13 crore, up by 213 per cent as compared to the previous year's Rs 9.95 crore. |
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| SICAL's bottomline received a boost in 2004-05 on account of significant fall in interest expenses. The company's interest expense stood at Rs 43.57 crore (Rs 63.59 crore) in 2004-05, down by 31.48 per cent in relation to the previous year. |
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| The net sales for 2004-05 stood at Rs 1,214.83 crore (Rs 1,084.83 crore), higher by 11.98 per cent in relation to the previous financial year. |
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| First Leasing net down |
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| First Leasing Company of India has reported a fall of 1.5 per cent in net profits to Rs 5.97 crore for the fourth quarter in 2004-05 as compared to Rs 6.06 crore for the same period last year. |
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| The company's turnover also registered a drop by 1.9 per cent to Rs 23 crore for the last quarter in 2004-05 as against Rs 23.45 crore the corresponding period, the previous year. |
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| The board of directors has recommended a dividend of 22.50 per cent on the equity shares for 2004-05 subject to approval of the shareholders in the annual general meeting. |
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| The company's net profit improved by 11.7 per cent to Rs 24.10 crore for the year ending March 31, 2005 as compared to Rs 21.57 crore in the previous year. |
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| The turnover of the company reported a fall of 6.07 per cent to Rs 103.66 crore during 2004-05 as compared to Rs 110.36 crore last year. |
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