cheviot co ltd (CVC) Snapshot

Cheviot Company Ltd. has announced that the board of directors of the company at its meeting held on May 14, 2013, has recommended payment of dividend on 45,11,250 Ordinary Shares of INR 10 each at the rate of INR 15 per Ordinary share amounting to INR 67,668,750 for the year ended March 31, 2013. Dividend, if declared, at the Annual General Meeting will be paid /dispatched on July 31, 2013.

Cheviot Co. Ltd. announced unaudited earnings results for the fourth quarter and audited earnings results for the full year ended March 31, 2013. For the quarter, the company reported total income from operations of INR 726.348 million against INR 743.960 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 26.703 million against INR 35.833 million a year ago. Profit from ordinary activities before tax was INR 46.525 million against INR 62.605 million a year ago. Net profit was INR 38.815 million against INR 46.275 million a year ago. Earnings per basic and diluted share were INR 8.60 against INR 10.26 a year ago. For the full year, the company reported total income from operations of INR 2,902.111 million against INR 2,949.640 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 341.830 million against INR 320.772 million a year ago. Profit from ordinary activities before tax was INR 416.852 million against INR 387.171 million a year ago. Net profit was INR 307.142 million against INR 288.691 million a year ago. Earnings per basic and diluted share were INR 68.08 against INR 63.99 a year ago.

Cheviot Co. Ltd., Board Meeting, May 14, 2013. Agenda: To approve the audited results, and dividend.