geojit results 2.06 times higher & Rs0.70 dividend/share

Geojit Financial Services, a leading retail stock broking company, announced on Friday the consolidated net profit zoomed 2.06 times to Rs 118.20 million in the fourth quarter ended March 2008 as compared with Rs 57.40 million in the same quarter, a year ago. The consolidated revenues for the quarter surged 78% to Rs 643.5 million compared with Rs 361.4 million in the same quarter, last year.
Stock broking firm Geojit Financial Services on Friday said the company's board has approved the offer from French banking major BNP Paribas to acquire a 35 per cent stake in one of its subsidiaries.
The board has also recommended a final dividend of 70%, or Rs 0.70 a share of the face value of Re 1 a share for the financial year 2007-08, subject to the approval of the shareholders of the company at the ensuing annual general meeting of the company.