Unitech’s net profit down 28 percent

June 25th, 2009 - 2:20 pm ICT by IANS  

New Delhi, June 25 (IANS) Realty major Unitech’s net profit dipped 28 percent to about Rs.740 crore for 2008-09 from nearly Rs.1,031 crore posted the previous year, the company said Thursday.
Its total income in the year under review decreased to Rs.2,455 crore from Rs.2,970 crore earned in 2007-08, it said in a regulatory statement.

The group’s consolidated profit was around Rs.1,198 crore, as compared to Rs.1,662 crore in the previous year, a fall of 27.92 percent.

The total income decreased from Rs.4,280 crore in 2007-08 to Rs.3,316 crore last fiscal.

The board of directors has proposed a dividend of Rs.10.

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