Tourism Finance Corporation of India has reported results for fourth quarter ended March 31, 2012.
The company has posted a rise of 17.90% in its net profit at Rs 23.38 crore for the quarter ended March 31, 2012 as compared to Rs 19.83 crore for the same quarter in the previous year. Total income has increased by 48.03% at Rs 43.24 crore for quarter under review as compared to Rs 29.21 crore for the quarter ended March 31, 2011.
The company’s board at its meeting held on April 19, 2012, have recommended payment of dividend of Rs 1.20 per share (12%) for the year ended March 31, 2012, subject to approval by the shareholders.
Tourism Finance Corporation of India (TFCI) is engaged in the business of providing financial assistance to tourism-related activities/projects. TFCI provides financial assistance in form such as Rupee Loan, Underwriting of public issues of shares/debentures and direct subscription to such securities, guarantee of deferred payments and credit raised abroad, equipment finance, equipment leasing, assistance under suppliers' credit, working-capital financing, takeover financing and advances against credit-card receivables.
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| NHIT | 151.00 |
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