Satra Properties (India) Ltd, a company dealing with real estate and mall development, presented excellent results for the year ended March 31, 2008, says a press note issued here.
The standalone income has gone up by 193 per cent to Rs 194.23 crore as compared to Rs 66.19 crore for the year ended on March 31, 2007. Profit before tax rose by 471 per cent to Rs 55.90 crore as compared to Rs 9.79 crore in the previous year. Profit after tax was up by 512 per cent to Rs 38.05 crore as compared to Rs 6.22 crore for the last year. Earning per share was up at Rs 2.45 for equity shares of Rs 2 each.
The consolidated income was Rs 233.06 crore for the year ended March 31, 2008. Profit after tax has been reported at Rs 42.62 crore.
The company has issued bonus shares in the ratio of 2:1 and the same has been listed with the Bombay Stock Exchange.
Satra Properties (India) Ltd plans to open its subsidiary in Dubai in the near future.
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