Excelsior Correspondent
JAMMU, Oct 8: Ircon International Limited (IRCON) has declared its highest ever final dividend of Rs 81.16 crores @ 410% on the paid-up share capital of Rs 19.796 crores.
This, combined with the already paid interim dividend would take the total dividend pay-out to shareholders for 2013-14 to a record Rs 182.12 crores @ 920% of the paid-up share capital.
Mohan Tiwari, chairman and managing director, IRCON, while addressing the shareholders in its annual general meeting held recently, highlighted the achievements of the Company during 2013-14.
He said that IRCON has sustained the upward trend in its profitability during the period, as Profit Before Tax (PBT) and Profit After Tax (PAT) have increased to record Rs 1249 crores and Rs 907 crores, registering a growth of about 23% and 24% respectively, although turnover is marginally down.
During the last five years, the Company has recorded a Compound Annual Growth Rate (CAGR) of 9.47% in turnover and 46.10% in PBT.
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