patel intergrated logistics (PTIL) Snapshot

Patel Integrated Logistics Limited reported audited earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the company reported freight earnings, co-loading and cargo income of INR 1,282.587 million compared to INR 1,137.711 million a year ago. Profit from operations before other income, interest & exceptional items was INR 24.068 million compared to INR 30.418 million a year ago. Profit from ordinary activities before tax was INR 7.147 million compared to INR 12.707 million a year ago. Net profit for the period was INR 1.332 million or INR 0.09 per basic and diluted share compared to INR 4.141 million or INR 0.27 per basic and diluted share a year ago. For the year, the company reported freight earnings, co-loading and cargo income of INR 5,098.583 million compared to INR 4,524.477 million a year ago. Profit from operations before other income, interest & exceptional items was INR 121.169 million compared to INR 110.184 million a year ago. Profit from ordinary activities before tax was INR 38.518 million compared to INR 49.831 million a year ago. Net profit for the period was INR 24.128 million or INR 1.59 per basic and diluted share compared to INR 26.827 million or INR 1.77 per basic and diluted share a year ago.

Patel Integrated Logistics Limited announced that the Board of Directors of the company at its meeting held on May 29, 2013 appointed Mr. Syed K. Husain as the Additional Director of the company, effective from May 29, 2013.

Patel Integrated Logistics Limited announced that the Board of Director of the company at its meeting held on May 29, 2013 has recommended the dividend of INR 0.50 per equity share, that is 5% on equity share capital of the company for year ended March 31, 2013 and if approved by the shareholders at the Annual General Meeting the dividend shall be paid within a period of 30 days from the date of such approval.