Posted: 29-Apr-10 in Finance by Suresh 0 comment

Sobha Developers saw a revenue growth of 146 percent

Advertisement:

One of the most popular builders, Sobha developers have seen a registered 146% growth in their revenues in the quarter end of March 31, 2010. The company has seen a whooping Rs 403 crore increase to Rs 163.5 seen in the last year’s same quarter.

The net profit has summed up to a tremendous Rs.55.7 crore against Rs.7 crore seen last year. The Bangalore office contributed 65% of the sales followed by Coimbatore to about 17% .

The Company has a dividend of Rs 2.5 per share. While there has been an overall revival in the economy and market status, the proactive steps taken by the company has given out fruitful results. Concrete actions like enhancing operational efficiency, reducing fixed costs, debt restructuring, land monetization, investment in marketing have yielded remarkable results, according to the MD of Sobha, Mr JC Sharma.

Share

Get Updates by eMail: Submit eMail Here

Not what you are looking for? Search again


Special Note: Please note that Comment Section available below is for "Discussion amongst our Visitors" and NOT for Official Queries and Requests. Please report in-appropriate content to our web admin. Please read our Disclaimer before reporting.

Forestlaneshul.com publishes news in association with IANS, IBNS, Sampurn News, MNS, etc. Read More.

Post your comments or inquiries