Pioneer Invest Corp Ltd Q2 revenue up at Rs 26 crore

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Mumbai, Oct 26 (UNI) The consolidated total income of Pioneer Invest Corporation (PINC) for the quarter ended September 2007, at Rs.26.01 crore, reflects a growth of 1062 per cent over the corresponding quarter ended September 2006, which was at Rs.2.23 crore.

PINC has earned a higher net profit after tax of Rs.14.43 crore in the quarter ended September 2007, reflecting a growth of 1257 per cent as against Rs.1.06 crore for the corresponding quarter ended September 2006, the Company release said.

The Earning Per Share (EPS) of PINC, (not annualised), of quarter ended on September 30 2007 at Rs.13.75 is higher than the EPS of the entire financial year 2006/07, which was at Rs.12.59.

The subsidiary of PINC, incorporated in DIFC Dubai, commenced merchant banking and investment banking operations this quarter and its results have been incorporated in the consolidated results, the release added.

UNI

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