Special dividend from Allcargo Global

The company recommended special dividend @ 100% i.e. Rs.2 per equity share of Rs.2 each on account of completion of five years of listing of the Company's equity shares on the Stock Exchange, reports India INfoline News Service from Mumbai.

Allcargo Global Logistics reported a net profit at Rs 17,55mn for the period ended December 2010 as compared to a Rs 14,06mn last year.

The Board of Directors of Allcargo Global Logistics Limited at its meeting held on April 05, 2011 has recommended special dividend @ 100% i.e. Rs.2 per equity share of Rs.2 each on account of completion of five years of listing of the Company's equity shares on the Stock Exchange.

The Board also recommended Final Dividend @ 25% i.e. Re.0.50 per equity shares of Rs 2 each. The total dividend, including the interim dividend paid @ 25% i.e. Re.0.50 per equity share of Rs 2 each in November 2010, will be 150% i.e Rs.3.00 per equity share of Rs.2 each.