Net turnover of SPML up by 44.36 per cent to Rs 1167 cr

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Kolkata, July 01 (UNI) Subhash Projects&Marketing Ltd, one of India's leading infrastructure companies, has registered a jump of 33.44 per cent in net profit, which increased to Rs 58.21 Crore from Rs 43.6 Crore in 2006-07.

The Profit Before Tax (PBT) rose by 53.3 per cent to Rs 77.22 Crore in 07-08 from Rs 50.36 Crore, a company statement here today said.

The company was on a high growth path sustaining 44.36 per cent growth from a net turnover of Rs 808.44 Crore in FY 06-07 to Rs 1167.11 Crore in FY 07-08.

In the current year water sector was the growth driver. The company had announced a dividend of 60 pwer cent.

SPML had also announced its diversification through entry into urban infrastructure and would expand its portfolio to construction of airports, metro rail and freight corridors, the statement added.

SPML had also prequalified in various order bids for urban transport projects, including metro rail in Kolkata and bus terminals in Bangalore and Orissa and car parking in Chandigarh.

UNI SJC RN1537

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