DLF reduces debt by Rs 2,000 crore, launching new projects
Agencies: New Delhi, Nov 14 2012, 17:55 IST
Monday, DLF had reported 62.81 per cent fall in its consolidated net profit for the quarter ended September 30, 2012, at Rs 138.51 crore due to decline in sales. It had
posted a net profit of Rs 372.41 crore in the corresponding period last year.
The consolidated sales during the second quarter fell by 19.46 per cent to Rs 2,039.54 crore from Rs 2,532.41 crore in the year-ago period.
The company's hotel and insurance businesses suffered a combined loss of Rs 82.88 crore during July-September period of 2012-13 financial year.
During the second quarter, DLF registered sales booking of 1.59 million sq ft of area, the statement said.
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