Millennium Investment & Acquisition Company Inc. announced that the Board of Directors has recommended and declared the Interim Dividend at the rate of 12% i.e. 0.24 per equity share of face value of $2 each amounting to $27.15 million to its equity shareholders.

The company reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported total revenues of INR 875,662,000 against INR 789,331,000 a year ago. Income before income taxes was INR 127,894,000 against INR 97,733,000 a year ago. Net income was INR 71,499,000 against INR 79,899,000 a year ago. Net Income attributable to SMC Global was INR 70,025,000 compared to INR 78,658,000 for the same period a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 0.63 against INR 0.70 a year ago.

For the six months, the company reported total revenues of INR 1,884,941,000 against INR 1,562,519,000 a year ago. Income before income taxes was INR 358,812,000 against INR 175,508,000 a year ago. Net income was INR 251,413,000 against INR 130,478,000 a year ago. Net Income attributable to SMC Global was INR 248,147,000 compared to INR 125,979,000 for the same period a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 2.22 against INR 1.15 a year ago. Net cash used in operating activities was INR 23,778,000 against net cash generated from operating activities of INR 537,323,000 a year ago. Purchase of property and equipment was INR 46,826,000 against INR 10,591,000 a year ago. Acquisition of intangible assets was INR 153,000 compared to INR 112,000 for the same period a year ago.