Annual Report 2003-2004 of Gammon India Limited

It is a broadly described annual report of Gammon India Limited in the year of 2003-2004. During the financial year, Total assets of the Company stood at Rs. 96,437.70 Lacs. The turnover of the Company stood at Rs. 86,659.60 Lacs. Profit before depreciation and taxation was Rs. 6804.10 Lacs (Previous year Rs. 7440.06 Lacs). After providing Rs. 1645.31 Lacs towards depreciation (Rs. 1994.26 Lacs) and Rs. 868.60 Lacs towards tax (Rs. 2037.00 Lacs), the net profit amounted to Rs. 4290.19 Lacs (Rs. 3408.80 Lacs) posting a rise of 57% over the previous year on an annualized basis. For the year under review, the basic earnings per share were Rs. 4.13.

The Board of Directors of the Company has not recommended a Dividend of @25% for the nine months period ended 31^st December 2004 absorbing Rs. 384.55 Lacs.

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