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Naukri Recommends Dividend

Info Edge (India) Ltd informed the BSE that it has recommended a dividend of Re. 0.75 per share at a face value Rs. 10 per share for FY 2010-11.

Info Edge operates a bunch of classifieds portals like Naukri.com, a recruitment site, Jeevansathi.com, a matrimony site, and property search site 99acres.com.

On April 30, 2010, the company had recommended a dividend of Re. 0.75 per share (with a face value of Rs. 10 per share).

It announced consolidated net profits of Rs 63.14 crore for the year ended 31st March 2011. Net sales grew by 35 per cent to Rs 321.73 crore from Rs 237.08 crore in the previous financial year. The company has, on a standalone basis, recorded net profits of Rs 83.97 crore over net sales of Rs 293.62 crore for the year.

Info Edge has been active on investments in the quarter as it recently invested Rs 19 crore in two online firms – New-Delhi based Kinobeo Software Pvt Ltd, which runs group buying site MyDala.com, and Etechaces Marketing and Consulting Pvt Ltd, which runs Policybazaar.com, a website for financial products comparison.

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