Marathon NextGen Realty Limited, a Mumbai based leading real estate Company, has posted a 251% rise in net profit to Rs.146.69 crores for the year ended March 31, 2010 as compared to Rs. 41.76 crores recorded in the previous year. The company has announced an equity dividend of 35% (Rs. 3.50 per share) inclusive of an interim dividend of 15% already paid and a Onetime Special Dividend of Rs.1.50 per share (15%). The Board of Directors also has recommended the issue of bonus shares in the ratio of 1 new equity share of Rs. 10/- each for every 2 existing equity shares of Rs.10/-.
Marathon NextGen Realty Ltd reports increase in Net Profit by 251% in FY10; Q4 profit up by 396 %; announces 35% total dividend; Issues bonus shares in the ratio of 1:2 on equity shares face value of Rs. 10/- per share
Marathon NextGen Realty Limited, a Mumbai based leading real estate Company, has posted a 251% rise in net profit to Rs.146.69 crores for the year ended March 31, 2010 as compared to Rs. 41.76 crores recorded in the previous year. The company has announced an equity dividend of 35% (Rs. 3.50 per share) inclusive of an interim dividend of 15% already paid and a Onetime Special Dividend of Rs.1.50 per share (15%). The Board of Directors also has recommended the issue of bonus shares in the ratio of 1 new equity share of Rs. 10/- each for every 2 existing equity shares of Rs.10/-.
