Ansal Housing raises borrowing limit to Rs 10 bn
Ansal Housing raises borrowing limit to Rs 10 bn >The shareholders of Ansal Housing (Q, N,C,F)* & Construction, at the annual general meeting (AGM) of the company held on Sep. 27, 2007, authorized the board to borrow up to Rs 10 billion. Further, the shareholders declared dividend at 18% on the paid-up equity share capital of the company. Ansal Housing & Construction disclosed phenomenal jump in net profit for the quarter ended June 200 7. During the quarter, the company witnessed 74.06% rise in profit to Rs 126.35 million from Rs 72.59 million, in the corresponding quarter last year. Net sales for the quarter rose 23.32% to Rs 508.74 million, compared with the corresponding quarter, a year ago. Shares of the company declined Rs 1.20, or 0.59%, to Rs 201.05. The total volume of shares traded were 6,546 at the BSE.(2.48 pm ,Thursday ).
