Ennore Port pays Rs. 6.49 crores dividend to govt

New Delhi : Minister of Shipping G.K. Vasan was on Thursday presented the 2nd consecutive dividend of Rs.6.49 crores by Ennore Port Ltd.

The dividend Cheque was presented to the Minister by Shri S. Velumani, Chairman-cum-Managing Director of Ennore Port Ltd.

During the Financial Year ending 31st March 2010, Ennore Port Ltd. has reported a post tax profit of Rs.48.66 crores and it has declared dividend of 20% on PAT which works out to Rs.9.73 crores.

The Dividend Tax will be Rs.1.65 Crores. The dividend cash flow including dividend tax is Rs.11.38 Crores, out of which Government of India gets Rs.6.49 crores and Chennai Port Trust gets Rs.3.24 crores.

Ennore Port is the only Major Port which is paying Dividend to Government as it is a Corporate Port.