SICOM’s 41st Annual General Meeting


6 th August 2007

SICOM’s 41st Annual General Meeting was held on 6th August,2007 at SICOM’s Head Office, at Mumbai.

SICOM’s performance this year has been “Best Ever” since its inception.

Highlights:

· Sanctions up by 58% from Rs.871 crs to Rs.1380 crs

· Disbursements up by 47% from Rs.799 crs to Rs.1175 crs.

· Profit After Tax up by 88% from Rs.33.98 crs to Rs.59.11 crs.

· Earning per Share ( EPS ) up by 90% from Rs. 5.12 to Rs. 9.71,

· Networth up by 20% from Rs. 276 crs to Rs. 331 crs .

· Capital adequacy ratio at 20.27% as compared to 20.19% last year

· Reduction in Net Non Performing Assets ( NPAs ) in absolute as well as percentage terms from Rs. 76 crs to Rs. 39 crs and from 5.17% to 2.64% respectively.

SICOM had declared dividend of 5% for the FY 2006-07.

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