MMTC June qtr net dips 23% to Rs 41 cr

State-run trading firm MMTC today reported Rs 41.27 crore net profit for the first quarter ended June 30, 2009, down 23.23 per cent over the corresponding period a year ago.     

The company had a net profit of Rs 53.76 crore in the corresponding quarter of the last fiscal.

Total income declined to Rs 7,511.93 crore during the April-June quarter, from Rs 9,782.40 crore in the corresponding period a year-ago, MMTC said in a filing to the Bombay Stock Exchange.     

Shares of MMTC closed at Rs 29,950, down 0.73 per cent on the BSE.