Date:01/05/2007 URL: http://www.thehindubusinessline.com/2007/05/01/stories/2007050103620300.htm

Back CESC net up at Rs 61 crore

Our Bureau

Kolkata April 30 CESC Ltd has posted an increased net profit of about Rs 61 crore in the fourth quarter of the fiscal under review against about Rs 44 crore in the corresponding period last year. This was possible because of higher earning from power export, reduction of imported power and interest cost.

But the company's total income in the entire financial year of 2006-07 was down by Rs 7 crore to about Rs 2,583 crore from about Rs 2,590 crore in 2005-06. The unaudited results have suggested that its income in the fourth quarter was also down by about Rs 29 crore to about Rs 576 crore from about Rs 605 crore in 2005-06. Work at the Park Circus property, located at the heart of the city has commenced.

Debt equity ratio at the end of the 2006-07 fiscal was 0.8:1.