Peninsula Land net profit declines 50.00% in the June 2007 quarter
Corporate Announcements
*Scrip Code*:503031 *Company Name*:PENLAND LTD
*News Subject:*
Peninsula Land clarifies on news item
*News Body:*
With reference to the news item appearing in a leading Web Portal titled “Peninsula sells 20-storey bldg to Alok Industries: Srcs”, Peninsula Land Ltd has clarified to BSE that the Company has entered into an Agreement for sale of 5,75,000 sq.ft. out of its proposed development at its Dawn Mills (Peninsula Business Park) premises at an approximate consideration of Rs 1, 054.00 Crores to Alok Infrastructure Pvt Ltd.
Other than this, the Company do not have any further comments to offer on the news item appearing in the Web Portal on September 11, 2007.
===
On 7/28/07, ER wrote: > > Peninsula Land net profit declines 50.00% in the June 2007 quarter > > Sales decline 12.95% to Rs 94.37 crore > > Net profit of Peninsula Land declined 50.00% to Rs 33.50 crore in the > quarter ended June 2007 as against Rs 67.00 crore during the previous > quarter ended June 2006. Sales declined 12.95% to Rs 94.37 crore in the > quarter ended June 2007 as against Rs 108.41 crore during the previous > quarter ended June 2006. > > > — > Regards, > ER > > Never take a decision when you are angry and never make a promise when you > are happy. > >
