Hindustan Zinc Q4 net jumps 43pc

MUMBAI, April 21 (Business Recorder): Hindustan Zinc has posted a 43-per cent jump in its net profit at Rs 17.71 billion for the quarter ended March 31, 2011 as compared to the same period a year ago. Its net sales jumped 28 per cent to Rs 31.97 billion year on year (YoY). In FY11, the company reported a net profit of Rs 49.0 billion, up 21 per cent compared to the year-ago period while its net sales for the period stood at Rs 99.12 billion, up 24 per cent from the previous fiscal. The board of directors recommended dividend at 50 per cent (Re 1 per equity share of Rs 2 each) for the year 2010-11.