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 CHENNAI:
Mid-cap IT and Matheson on Monday, said its net profit for
the quarter ended June 30, 2005 was Rs 7.66 crore over, a 182
per cent jump over last year, and announced a 1:1 bonus issue
of shares.
The company's board of directors also recommended a 15 per
cent dividend on the shares.
"The bonus issue will be made by capitalising a part of the
company's reserves. The paid up capital of the company would
increase from Rs 10 crore to Rs 20 crore consequent to the
bonus issue," said Muralikrishna, MD of Helios and Matheson.
The company's income for the first quarter was Rs 49.68 crore,
a growth of 101 per cent from the corresponding period last
year and a sequential growth of 37 per cent.
"Helios and Matheson has a strong track record of
uninterrupted profitablity and dividend distribution since
inception. This fiscal too, we believe that we can continue
to meet our commitment to our shareholders and expand capital
base," Muralikrishna said.
Earnings per share (annualised) was Rs 30.62 compared to Rs
21.75 (annualised) for the corresponding quarter in the
previous year. The bonus share will be issued after getting
the shareholders approval at the AGM on September 28, 2005.
On the guidance for this fiscal, the Chennai-based company
said the income was expected to be in the range of Rs 220.02
crore and Rs 220.82 crore. The net profit is expected to be
in the range of Rs 35.1 crore and Rs 35.5 crore.
CHENNAI: Mid-cap IT and Matheson
on Monday, said its net profit for the quarter ended June 30,
2005 was Rs 7.66 crore over, a 182 per cent jump over last
year, and announced a 1:1 bonus issue of shares.
The company's board of directors also recommended a 15 per
cent dividend on the shares.
"The bonus issue will be made by capitalising a part of the
company's reserves. The paid up capital of the company would
increase from Rs 10 crore to Rs 20 crore consequent to the
bonus issue," said Muralikrishna, MD of Helios and Matheson.
The company's income for the first quarter was Rs 49.68 crore,
a growth of 101 per cent from the corresponding period last
year and a sequential growth of 37 per cent.
"Helios and Matheson has a strong track record of
uninterrupted profitablity and dividend distribution since
inception. This fiscal too, we believe that we can continue
to meet our commitment to our shareholders and expand capital
base," Muralikrishna said.
Earnings per share (annualised) was Rs 30.62 compared to Rs
21.75 (annualised) for the corresponding quarter in the
previous year. The bonus share will be issued after getting
the shareholders approval at the AGM on September 28, 2005.
On the guidance for this fiscal, the Chennai-based company
said the income was expected to be in the range of Rs 220.02
crore and Rs 220.82 crore. The net profit is expected to be
in the range of Rs 35.1 crore and Rs 35.5 crore.
Chennai: Helios and Matheson on Monday said its net profit
for the quarter ended June 30, 2005 was Rs 7.66 crore over, a
182 per cent jump over last year, and announced a 1:1 bonus
issue of shares.
The company's board of directors also recommended a 15 per
cent dividend on the shares.
"The bonus issue will be made by capitalising a part of the
company's reserves. The paid up capital of the company would
increase from Rs 10 crore to Rs 20 crore consequent to the
bonus issue," said Muralikrishna, MD of Helios and Matheson.
The company's income for the first quarter was Rs 49.68 crore,
a growth of 101 per cent from the corresponding period last
year and a sequential growth of 37 per cent.
"Helios and Matheson has a strong track record of
uninterrupted profitablity and dividend distribution since
inception. This fiscal too, we believe that we can continue
to meet our commitment to our shareholders and expand capital
base," Muralikrishna said.
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