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i-maritime Newsletter

Ennore Port pays Rs 7.4 cr dividend - 2011-10-03


Ennore Port Ltd today paid a dividend of Rs 7.41 crore to the Government for the financial year 2010-11. This is the port‟s third dividend payment to the Government. Being a corporate port, EPL is the only major port paying dividend to government.
Mr S. Velumani, Chairman-cum-Managing Director, EPL, presented the cheque to the Union Shipping Minister, Mr G.K. Vasan. For the year ended March 31, 2011, EPL reported a pre-tax profit and a post-tax profit of Rs 69.86 crore and Rs 55.58 crore, respectively, against Rs 59.46 crore and Rs 48.66 crore, respectively, in the previous year, according to a press release.
The Government gets Rs 7.41 crore and Chennai Port Trust gets Rs 3.70 crore as dividend from EPL.

Source: Hindu Business Line