News & Views on Indian Real Estate

Thursday, August 07, 2008

DLF's Net Profit Rises 23% in the first Quarter

Real estate major, DLF has announced 23% rise in its consolidated net profit for the first quarter ended June 2008, to Rs 1, 864 crore, on the back of strong volume growth. The total revenue of the company, on a consolidated basis, was up 23.2 percent to Rs 3, 846.3 crore compared to the corresponding period of the previous year. Mr. Rajiv Singh, Vice-Chairman, said,"Sales of premium homes have been achieved at higher realizations and projects under execution have increased. While we expect a cautious outlook for the year ahead, our new launches, strong backlog and proven execution allow us to remain optimistic about delivering double-digit growth in all facets of our business."

fabip said...

Chennai has traditionally been the hub of economic, geographic and political

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