ACC FY- 09 net profit up by 42.22%

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Cement manufacturer ACC Ltd today said its consolidated net profit rose by 42.22 per cent to Rs 1,563 crore for the year ended December 2009, over the same period last year.

Total income rose to Rs 8,725.4 crore for the year ended December 31, from Rs 7,974 crore in the same period last year, ACC Ltd said in a filing to the Bombay Stock Exchange.

On a standalone basis, the company has reported a net profit of Rs 1,606 crore for the period ended December 2009, up 32.48 per cent over the year ago period.

The board of directors of the company have proposed payment of a final dividend at the rate of 130 per cent (Rs 13 per equity share) on the face value of Rs 10 each.

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(updated - 04 Feb 2010)