INSUBCONTINENT EXCLUSIVE:
KochI: Geojit Financial Services has clocked 26% increase in net profit at Rs 19.28 crore for Q4 in 2017-18 from a year ago
The consolidated revenue went up 20% to Rs 95.66 crore for the quarter.
For the whole year of 2017-18, the net profit increased 31% from
previous year to Rs 73.24 crore
The revenues rose 20% to Rs 367.95 crore .
The company has proposed a dividend of Rs 2 per share on the paid up value of Rs 1 per share
The company’s assets under custody and management stood at Rs 38600 crore as on March 31, 2018.
Speaking about the results, Geojit MD C J
George said : ``Our continued focus on the retail distribution of mutual fund SIP saw the company’s MF distribution income increase by 92%
We have added 90,000 new clients during the year.’’
