India: DCI Posts Results for Period Ended June 30

DCI Posts Results for Period Ended June 30

Dredging Corporation of India Ltd has announced its Financial Results for the period ended June 30, 2012.

The company has posted net profit / (loss) of (Rs.66.8) million for the quarter ended June 30, 2012 as compared to Rs.30.2 million for the quarter ended June 30, 2011.

Total income was at Rs.1292.7 million for the quarter ended June 30, 2012 where as the same was at Rs.1133.7 million for the quarter ended June 30, 2011, representing an increase of 14.02%.

The company has reported an EPS of (Rs.2.39) for the quarter ended June 30, 2012 as compared to Rs.1.08 for the quarter ended June 30, 2011.

Shares of Dredging Corporation of India Ltd was trading in BSE at Rs.272.75, up by Rs.5.80 or 2.17%. The stock hit an intraday high of Rs.277 and low of Rs.265.40.

The total traded quantity was 0.24 lakhs compared to 2 week average of 0.29 lakhs.

Source: equitybulls, August 13, 2012; Image: dredge-india

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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