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Kochi, May 23: Broking major JRG Securities Ltd has recorded a revenue of Rs 26.63 crore for the fiscal ended March 2006. The company, which went in for an initial public offering a month ago and was listed on the exchange late last week, has clocked a net profit of Rs 2.6 crore.
The board of directors has recommended a dividend of 10% on the entire post-issue capital of 12.79 million shares. Company managing director Reji Jacob said the consolidated revenue of the company grew by 67.1% and net profit by 57.65%. The profit before tax was Rs 4.1 crore.
The flagship company posted a net profit of Rs 2.16 crore on total revenues of nearly Rs 17 crore. The driving factor for this was mainly due to the large number of new investors in the capital market, Mr Reji said.
Subsidiary JRG Wealth Management dealing in commodities posted a gross income of Rs 9.17 crore and had a share of 35% in the consolidated gross revenue.
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