Board of Directors of the MMTC Ltd has recommended a Dividend @ 90% on the paid up equity capital of the Company for the Financial Year 2009-10. The board has also approved split of each equity share of face value Rs. 10/- each into 10 equity shares of face value Re. 1/- each. The sub-division is to be effective and simultaneous with the allotment of Bonus Shares.
The Company has declared Audited results for the Year ended March 31, 2010. It has posted a net profit of Rs 2162.40 million for the year ended March 31, 2010 as compared to Rs 1402.20 million for the year ended March 31, 2009. Total Income has increased from Rs 368738.10 million for the year ended March 31, 2009 to Rs 452138.90 million for the year ended March 31, 2010.
MMTC Ltd is quoting at CMP of Rs 32,035.00. The stock has made an intraday high of Rs 33,400.00 and low of 30,700.00 at NSE. Total traded quantity at NSE for MMTC Ltd at 15.16 IST is 14,671.
Established in 1963, MMTC, one of the two highest foreign exchange earner for India, is a leading international trading company with a turnover of over US$ 7 billion. It is the largest international trading company of India and the first Public Sector Enterprise to be accorded the status of "five star export house" by Govt of India for long standing contribution to exports. MMTC is the largest non-oil importer in India.
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