Jaiprakash Associates net up 44.5 percent

April 27th, 2009 - 5:51 pm ICT by IANS  

New Delhi, April 27 (IANS) Construction and Infrastructure group Jaiprakash Associates Ltd Monday reported a 44.5 percent surge in its net profit for 2008-09 at Rs.881.22 crore from Rs.609.67 crore the previous fiscal.
The company’s turnover reflected a similar growth at 44.2 percent from Rs.3091.15 crore in 2007-08 to Rs.4,458.5 crore last fiscal.

During the fourth quarter, JP Associates, which also has interests in hospitality, power generation and cement sectors, witnessed a 83.1 percent rise in profits at Rs.385.32 crore from Rs.210.41 crore in January-March 2008.

The company declared a second interim divided of 30 paise per equity share with a face value of Rs.2.

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