Financial Daily from THE HINDU group of publications
Saturday, Sep 07, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Markets - Stock Exchanges


BSE net up 90 pc

Our Bureau

MUMBAI, Sept. 6

IN spite of falling turnover on the Bombay Stock Exchange (BSE), the exchange's net profit has increased by 90 per cent to Rs 10.65 crore for the year ended March 31, 2002 compared to Rs 5.60 crore in March 2001.

The income of the BSE fell from Rs 183.82 crore to Rs 147.84 crore during the same period.

The increase in net profit is mainly on account of cost cutting measures. This was seen from the reduction in total expenditure. For the financial year 2001-02, the expenditure of the exchange fell from Rs 131.10 crore (March 2001) to Rs 121.79 crore, a reduction of seven per cent ( Rs 9.31 crore).

During the year, there was rise in the ratio of deliveries. The percentage of delivery of securities to turnover increased to 19.52 per cent in 2001-02 from 17.47 per cent in 2000-01.

Send this article to Friends by E-Mail

Stories in this Section
Sundaram Mutual debt fund has low expense ratio


Bear domination
SEs to set up panel for compliance of SEBI reports
BSE net up 90 pc
Markets turn jittery
Nalco slides on sell-off blues
United Phos perks up on monsoon revival
Insurance cos to get nod for investing in derivatives
Market tumbles on more negative triggers


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line