Wednesday 30 May 2012

DLF Q4 net slumps 39% on high finance costs

Reuters | May 30, 2012, 09.32PM IST

http://timesofindia.indiatimes.com/business/india-business/DLF-Q4-net-slumps-39-on-high-finance-costs/articleshow/13675368.cms

MUMBAI: DLF (DLF.NS), India's leading real estate developer, reported a 39 per cent fall in net profit, weighed down by high interest costs and slowing house sales.

DLF reported consolidated net profit of 2.12 billion rupees for the quarter ended March compared with 3.44 billion rupees a year ago.

Revenue was down 2 per cent at 26.2 billion rupees.
 

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