Following is an excerpt from a report in Asian Age.

National Aluminium Company Ltd (Nalco) on Friday notched up the highest ever net profit of Rs 2,381 crores in 2006-07 compared to Rs 1,562 crores in the previous year, thus registering a growth of 52 per cent in the net profit.

The company at its 26th annual general meeting (AGM) held here to approve the accounts for 2006-07 said it also achieved the highest-ever sales turnover of Rs 6,515 crores as against the sales turnover of Rs 5,324 crores during the previous year registering a growth of 24 per cent in turnover. It also made an impressive record export earning of Rs 2,585 crores in the last fiscal.

The gross margin jumped by 40 per cent to Rs 3,942 crores in 2006-07 from Rs 2,811 crores in the previous year. Return on capital employed increased to 32 per cent against 25 per cent in the previous year. The earning per share increased to Rs 37 from Rs 24 in the previous year.