Lancor Holdings to consider share allotment
Lancor Holdings to consider share allotment >A meeting of the board of directors of Lancor Holdings will be held on Sep. 29, 2007 to consider the allotment of 850,000 equity shares of Rs 10 to G:Corp., shareholder of erstwhile Lancor G:Corp Properties, consequent to the amalgamation of Lancor G:Corp Properties with the company.
Lancor Holdings announced that loss for the quarter ended June 2007 narrowed. During the quarter, the company reported fall in loss to Rs 0.5 million from Rs 0.66 million in the same quarter last year.
Sales for the quarter rose 6.12 to Rs 31.16 million compared with the corresponding quarter, a year ago.
Shares of the company gained Rs 7.7, or 2.77%, to settle at Rs 286. The total volume of shares traded was 27,34 4 at the BSE.(Monday)
