National Aluminium Company Limited (NALCO) has proved its worth by registering high in terms of both physical and financial performances. According to the financial results for 2017-18, NALCO has registered more than 100% growth i.e., Rs. 1342.19 crore against Rs. 669 crore in previous year. In 4th quarter the Company earned a net profit of Rs. 257.06 crore. NALCO was the third highest net Foreign Exchange Earning CPSE in the Country. The Net sales turnover for the year is Rs. 9,377 crore (highest ever since inception), a growth of 26 % over last year. Export earning of Rs. 4,076 crore is also highest ever, a growth of 12 % over last year.
For 2017-18, an interim dividend of 94% amounting to Rs 908 crore was paid, out of which Rs. 547 crore paid to Govt. of India. This is the highest ever dividend declared by the Company. Continuous increase in CAPEX expenditure was observed in last 3 years. In FY 2017-18 there is 23.5% increase in CAPEX over last year.
NALCO doubles its Net Profit
By IndianMandarins - 2018-05-29 14:37:58
National Aluminium Company Limited (NALCO) has proved its worth by registering high in terms of both physical and financial performances. According to the financial results for 2017-18, NALCO has registered more than 100% growth i.e., Rs. 1342.19 crore against Rs. 669 crore in previous year. In 4th quarter the Company earned a net profit of Rs. 257.06 crore. NALCO was the third highest net Foreign Exchange Earning CPSE in the Country. The Net sales turnover for the year is Rs. 9,377 crore (highest ever since inception), a growth of 26 % over last year. Export earning of Rs. 4,076 crore is also highest ever, a growth of 12 % over last year.
For 2017-18, an interim dividend of 94% amounting to Rs 908 crore was paid, out of which Rs. 547 crore paid to Govt. of India. This is the highest ever dividend declared by the Company. Continuous increase in CAPEX expenditure was observed in last 3 years. In FY 2017-18 there is 23.5% increase in CAPEX over last year.
