PANJIM: The Board of EDC Ltd, met today, under the chairmanship of P Krishnamurthy, IAS to approve the annual accounts for FY2012-13 of the corporation.
The income achieved during FY 2012-13 was Rs 6596.66 lakh, as against Rs 5602.07 lakh in the previous financial year (2011-12), an increase of about 18%. The profit after tax (PAT) achieved during FY2012-13 was Rs 3075.48 lakh as against Rs 1999.94 lakh during the previous year, an increase of about 54%. The profit from financial activities achieved during the current financial year is the highest ever, since inception of EDC Ltd, in 1975.
The Board also announced a dividend of Rs 100.92 lakh, payable to the shareholders for the year ended FY2012-13, subject to approval of the AGM. In addition, EDC would also be remitting an amount Rs 572.20 lakh to Government of Goa as Interest towards land acquisition funds of the Government, managed by the Corporation.
