Dredging Corporation of India announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2019.

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Net profit of Dredging Corporation of India rose 549.33% to Rs 111.10 crore in the quarter ended March 2019 as against Rs 17.11 crore during the previous quarter ended March 2018. Sales rose 56.11% to Rs 238.47 crore in the quarter ended March 2019 as against Rs 152.76 crore during the previous quarter ended March 2018.

For the full year,net profit rose 160.15% to Rs 44.59 crore in the year ended March 2019 as against Rs 17.14 crore during the previous year ended March 2018. Sales rose 16.87% to Rs 691.74 crore in the year ended March 2019 as against Rs 591.87 crore during the previous year ended March 2018.

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Dredging Corporation of India announced that the Board of Directors of the Company at its meeting held on 30 May 2019, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 30%) , subject to the approval of the shareholders.

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Dredging Corporation of India will hold a meeting of the Board of Directors of the Company on 30 May 2019.

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