DLF net profit down 79 percent in first quarter

Friday, 31 July 2009, 10:21 Hrs
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Mumbai: Realty major DLF Friday reported a 79 percent drop in its net profit to 396 crore for the quarter ended June 30 from 1,863.97 crore in the same quarter, the previous fiscal.

The company's total income also slipped to 1,649.86 crore, a 57 percent drop from the previous corresponding quarter's 3,810.62 crore.

This is the second consecutive drop in net profits for the company. Profits dipped 93 percent in the the fourth quarter of previous fiscal.

Earnings per share fell sharply to 2.33 from 10.92 in the first quarter of 2008-09.
Source: IANS
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