Reliance Infra Q4 net dips 20 pct

Company's net profit rose to Rs 22.38 crore from Rs 21.97 crore in the same period a year ago

Reliance Industrial Infrastructure today reported a 20.22 per cent dip in net profit for the quarter ended March 31,2011,to Rs 4.34 crore.

The company had registered a net profit of Rs 5.44 crore in the same period last year,Reliance Industrial Infrastructure said in a filing to the BSE.

However,for the year ended March 31,2011 period,the company’s net profit rose to Rs 22.38 crore from Rs 21.97 crore in the same period a year ago,it said.

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Income from operations of the company,which is engaged in infrastructure business,also soared to Rs 18.04 crore in the January-March quarter from Rs 10.60 crore in the same period previous year,it added.

Board of directors of the company has proposed a dividend of Rs 3.50 per share for the year subject to approvals of members of the company.

Meanwhile,shares of the company were trading at Rs 671.70,down 1.79 per cent from the previous close on the BSE.

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