Mumbai, April 21: Satyam Computers has posted a fourth-quarter net profit of Rs 289.90 crore compared with Rs 213.21 crore in the corresponding previous period. The profit figure for the whole year rose 65 per cent to Rs 1,239.75 crore from Rs 750.26 crore in 2005.

However, the shares of the company suffered a setback, ending the day at Rs 808.15, almost down Rs 63 from Rs 871.55, due to a lower than expected guidance compared with other IT companies.

Total income in the quarter has increased to Rs 1,287.52 crore from Rs 978.64 crore in the year-ago period. For the full year, total income jumped 41 per cent to Rs 5,012.22 crore from Rs 3,546.78 crore in 2005.

The profit after taxation and share of loss in associate company and minority interest according to Indian GAAP is Rs 284.65 crore for the fourth quarter compared with Rs 206.16 crore in the corresponding previous quarter. The figures under the same head for the whole year is Rs 1,141.73 crore compared with Rs 711.64 crore in 2005.

GAAP figures for total income in the reporting quarter is Rs 1,342.51 crore against Rs 1,001.29 crore in the year-ago period. Total income increased from Rs 3,607.67 crore in 2005 to Rs 5,125.84 crore in 2006 under Indian GAAP.

Satyam has informed the stock exchanges today that a final dividend of 250 per cent (Rs 5 per share on a par value of Rs 2 per share) has been recommended at the board meeting, subject to the approval of the shareholders.

The total dividend recommended for the year is 350 per cent (Rs 7 per share on a par value of Rs 2 per share), including interim dividend of 100 per cent (Rs 2 per share on a par value of Rs 2 per share).

In February, the company bagged US-based General Motors? outsourcing contract. The deal is expected to fetch it about $150 million over the next five years. Satyam has been partnering with HP and CapGemini for providing various applications.