DLF profit slips 79% on low demand
New Delhi: Realty giant DLF on Thursday reported a 79% plunge in its consolidated net profit at Rs 396 crore for the quarter ended June 30, due to sharp decline in demand for its housing and commercial properties. The company's profit stood at Rs 1,864 crore in the year-ago period, DLF said in a statement. The consolidated revenue in the first quarter fell by 56.7% to Rs 1,650 crore as against Rs 3,811 crore in the same period previous fiscal. “After a few difficult quarters last fiscal, we have seen a fairly good first quarter of the current fiscal. The economy on the whole has been showing signs of recovery, and activity in real estate sector has picked up suitably,” DLF VC Rajiv Singh said. PTI --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
