On Feb 2, 3:49 am, KARTHICK B <[email protected]> wrote:
> *Unitech* announced a 74.12% fall in consolidated net profit after tax to Rs
> 1,360.50 million for the quarter ended Dec. 31, 2008 as against Rs 5,257.80
> million in quarter ended Dec. 31, 2007.
>
> The consolidated net sales fell 57.15% to Rs 4,893.9 million for quarter
> ended Dec. 31, 2008 as against 11,421 million for quarter ended Dec. 31,
> 2007.
>
> The company disclosed a substantial drop in standalone net profit for the
> quarter ended December 2008. During the quarter, the profit of the company
> declined 94.71% to Rs 195.00 million from Rs 3,689.20 million in the same
> quarter previous year.
>
> Net sales declined 75.10% to Rs 2,038 million, while total income for the
> quarter fell 61.75% to Rs 3,246.70 million, when compared with the prior
> year period.
>
> The company posted earnings of Rs 0.12 a share during the quarter,
> registering 94.71% decline over prior year period.
>
> *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
> *%Change* *Net Sales* 2,038.10 8,185.10 (75.10) *Net Profit* 195.00 3,689.20
> (94.71) *Basic EPS* 0.12 2.27 (94.71)
>
> The company`s construction projects include residential, hotels,
> transmission lines, highways, and overseas turnkey projects.
Have cancelled the Unitech flat booking but Unitech is not honoring
the contract (either unable or unwilling to) -- how can one go about
recovering the refundable amount ?
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