From correspondents in Delhi, India, 12:12 AM IST
Ansal Housing & Construction Ltd., one of the leading Real Estate providers in India announced a significant improvement in its profits for the Financial year ended 31st March, 2008. The Company registered 30% rise in net profit at Rs. 5536.08 Lacs for the financial year ended 31st March, 2008.
Financial Performance (Audited)
Ø Turnover increased by 25% from Rs. 20146.38 lacs to Rs. 25177.54 Lacs.
Ø Net profit increased by 30% from Rs.4274.55 Lacs to Rs. 5536.08 Lacs
Ø Earnings per share (EPS) increased by 17% from Rs.28.39 to Rs. 33.09
On commercial front, Ansal Plaza, Vaishali continues to be Company’s flagship commercial project housing various leading domestic and international Brands. In coming years, the Company plans to open new commercial projects in Meerut, Rewari, Parwanoo, Lucknow and Bangalore as well.
Announcing the results, Mr. Kushagr Ansal, Wholetime Director, Ansal Housing & Construction Ltd. said, “We are quite pleased with the results and confident that we will be able to better our performance in the coming year. Today, Ansal Housing has projects worth Rs. 6500 crores in hand. The focus is to increase the number of projects in the market. With this we will be able to better our Turnover and Profits in the coming year”.
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