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Dredging Corporation surges on better Q4 nos-news29052012


Shares of Dredging Corporation of India rose over 5%, touching the weekly high of Rs248, after company's net profit jumped by 157.9% to Rs28.96 crore on 76.5% growth in net sales to Rs162.99 crore in Q4 March 2012 over Q4 March 2011.


The company's net profit fell by 66.6% to Rs13.18 crore on 2.3% growth in net sales to Rs468.27 crore for the year ended March 31, 2012 over the year ended March 31, 2011.
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