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FINWIRES

Nippon Life India Asset Management's Profit Climbs in Fiscal Q4

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-- Nippon Life India Asset Management (NSE:NAM-INDIA, BOM:540767) said its consolidated profit attributable to the owners rose to 3.85 billion Indian rupees in the fiscal fourth quarter from 2.99 billion rupees a year ago.

Earnings per share for the quarter ended March 31 climbed to 5.93 rupees from 4.65 rupees a year earlier, according to a Monday filing.

Revenue from operations increased year on year to 7.39 billion rupees from 5.67 billion rupees.

Additionally, the board of the company recommended a final dividend of 12.50 rupees per share for fiscal year ended March 31.

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