Nicco Parks & Resorts Ltd. announced that the Board of Directors of the company at its meeting held on May 08, 2013, have proposed a dividend at the rate of 15% that is INR 0.15 per share on the face value of the Equity Shares of INR 1 face value for the financial year ended on March 31, 2013.

Nicco Parks & Resorts reported audited earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported net sales/income from operations of INR 68.1 million compared to INR 71.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 11.5 million compared to INR 17.6 million a year ago. Profit from ordinary activities before tax was INR 13.5 million compared to INR 18.2 million a year ago. Net profit was INR 9.2 million or INR 0.19 per basic and diluted share before extra ordinary items and INR 0.20 per basic and diluted share after extra ordinary items compared to INR 12.0 million or INR 0.26 per basic and diluted share before and after extra ordinary items a year ago. For the year, the company reported net sales/income from operations of INR 250.1 million compared to INR 282.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 28.8 million compared to INR 46.9 million a year ago. Profit from ordinary activities before tax was INR 33.7 million compared to INR 49.7 million a year ago. Net profit was INR 22.5 million or INR 0.46 per basic and diluted share before extra ordinary items and INR 0.48 per basic and diluted share after extra ordinary items compared to INR 33.5 million or INR 0.72 per basic and diluted share before extra and after ordinary items a year ago.

Nicco Parks & Resorts, Board Meeting, May 08, 2013. Agenda: To consider the audited results; and to propose dividend for the financial year ended March 31, 2013.