Sesa Goa in the news...

http://www.business-standard.com/common/storypage.php?storyflag=y&leftnm=lmnu1&leftindx=1&lselect=3&chklogin=N&autono=190335 Sesa Goa Q4 net up 337% BS 200 SCORECARD Our Bureau / New Delhi June 01, 2005 Sesa Goa has posted a whopping 337 per cent increase in its net profit at Rs 272 crore for the quarter ended March 31, 2005 compared with Rs 62.18 crore during the corresponding quarter in the previous year. Sales were up by 269 per cent at Rs 833 crore for the current quarter against Rs 225.70 crore in the year-ago quarter. Net profit for the year ended March 31, 2005 also rose by 180 per cent at Rs 462.30 crore compared with Rs 165.30 crore during the previous year. Sales for the current year have posted a 70 per cent increase at Rs 1,510 crore against Rs 894 crore during the previous year. The company has declared a dividend of Rs 20 per share. La Dean, managing director, said that the company was open to iron ore acquisitions. * * * http://www.thehindubusinessline.com/blnus/26311702.htm Corporate Results Sesa Goa FY-05 net jumps over four-fold MUMBAI: Sesa Goa has shown a net profit of Rs 462 crore during the year ended March 2005 against a net profit of Rs 98.78 crore during last year. The company's fourth-quarter net profit was Rs 272 crore Total sales during the fiscal jumped to Rs 1,409 crore as compared to Rs 567 crore in the previous year. The board has set a final dividend of Rs 20 per share for the fiscal year ended March 2005. * * * http://www.moneycontrol.com/backends/News/frontend/news_detail.php?autono=168818 Sesa Goa open to iron ore acquisitions Sesa Goa has announced its FY05 results, which is up by Rs 462 crore. Its Q4 net is up by Rs 272 crore. But still it might not be possible for the company to perform similarly in FY06, says La Dean, Managing Director, Sesa Goa.2005-05-31 16:31 La Dean, Managing Director of Sesa Goa says that the company is open to iron ore acquisitions. However, Dean says that he is not so sure about international prices as China holds the key to them, and is presently putting pressure on spot iron ore prices. On the company's recent acquisitions, he informs that the company has just received a prospective lease in the East Coast, where a huge potential has been untapped. About coke prices, he said that though coke prices are still comfortable, the new expansion in Gujarat has put pressure on the domestic coke prices. Dean also said that the prices of long term export contracts had been hiked by 71.5% and average contracts realisations were up by more than 40%. Recently the company announced its FY05 results, which is up by Rs 462 crore. The company's Q4 net is up by Rs 272 crore. Despite a good performance in FY05, Dean believes that it would be difficult for the company to repeat its performance in FY06.