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82% Growth in Orbit Corporation’s Profit
| October 30, 2009 |  (Be the first to rate this story!) Loading ... |
City-based real estate firm Orbit Corporation has posted an 82% growth in consolidated quarterly profit on 91% rise in sales. The company’s net profit in the September quarter went up to Rs 25 crore from Rs 14 crore in the year-ago period while total income rose to Rs 141.9 crore. Orbit Corporation said it sold 62,650 sq ft in the July-September period as against only 9,599 sq ft in the same period last year, a whopping 550% increase.
The company in a statement to BSE also said that the real estate prices have moved up by around 10-15% in the quarter. The company, which has a major presence in redevelopment activities in Mumbai, said it is looking to increase its footprint in the city.
News Published Under: Property Prices |
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