Sobha Developers See High Growth for Fiscal Year 2007

May 15, 2007	(Be the first to rate this story!)  Loading ...
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Sobha Developers, a leading real estate developer in Bangalore, sees a 69.58 per cent jump in its quarter four net profit for the current fiscal year at Rs 61.90 crore on a turnover of Rs 358.90 crore.

The company has shown a significant improvement over the corresponding figures of the previous fiscal year. In 2006, it was Rs 36.50 crore net profit and Rs 196.50 crore turnover, as per the data released by the company’s press release.

The year 2007 has brought this construction giant great joy as the company had reported a turnover of Rs 1189.30 crore up to 89.59 per cent with the net profit shooting up by 82.49 per cent to touch Rs 161.50 crore.

Assuredly, as the Company managing director JC Sharma was asked the secret of success, he beheld an expression of ecstasy and gave the entire credit to their continuous focus on superior quality products and customer satisfaction.

Sobha Developers is also looking forward to expand its horizons in new markets in different cities across the country during 2007. With several new real estate projects in Tier II cities, the company is assured to turn its expertise and quality a way of life pan-India, says Sharma.

The Board of Directors had suggested a final dividend of 55 per cent on expanded equity capital. Also, the company is coming up with its first integrated township ‘Sobha City’ in Thrissur, the cultural capital of Kerala.

News Published Under:   Real Estate Developers |

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