Tuesday November 3, 03:29 AM

Source: Indian Express Finance

HSIIDC net profit rises 39% to Rs 61 cr

By fe Bureaus
Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has exceeded its income target for 2008-09 ar it registered a jump of 38.64% in its net profit (after tax and dividend). The net profit of HSIIDC increased to Rs 60.70 crore during 2008-09 compared with Rs 43.78 crore during 2007-2008. While its gross income in 2008-09 touched Rs 146.82 crore as compared to Rs.106.35 crore in 2007-08. The corporation s net-worth has registered a significant increase from Rs 770.66 crore last year to Rs 857.66 crore during this fiscal. The corporation has maintained its high growth trajectory by earning a gross profit of Rs 92.44 crore during 2008-09, against the earlier record of Rs 90.27 crore during the previous year. The corporation also has announced a dividend of Rs 7.5 crore for its shareholders and is making a contribution of Rs 5 crore towards the chief minister s relief fund, the cheques for which were presented to the chief minister of Haryana on Monday Rajeev Arora, managing director, Haryana State Industrial and Infrastructure Development Corporation.