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BRIEF-India's Adani Port and Special Economic Zone March-qtr consol profit up 29 pct
May 24, 2017 / 8:47 AM / 4 months ago

BRIEF-India's Adani Port and Special Economic Zone March-qtr consol profit up 29 pct

May 24 (Reuters) - Adani Port and Special Economic Zone Ltd :

* Consol March quarter net profit 11.64 billion rupees

* Consensus forecast for March quarter consol net profit was 9.38 billion rupees

* Recommended dividend of 2 rupees per share

* Consol March quarter total income 25.55 billion rupees

* Consol net profit in March quarter last year was 9.02 billion rupees as per Ind-AS; consol total income was 21.37 billion rupees

* Says approved issuance of bonds in India or overseas for not more than $1.5 billion

* Says reappointed Gautam S Adani as MD

* Approved seeking members’ nod to raise funds worth upto 50 billion rupees via issue of securities

* Approved seeking members' nod to issue NCDs Source text: (bit.ly/2qV2P8u) Further company coverage:

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