D S Kulkarni net up by 379%, recommends Rs 2 dividened

New Delhi, June 14 (UNI) D S Kulkarni Developers Ltd, Maharashtra based real estate development firm, today reported a 379 per cent increase in its net profit for the year ended March 31, 2006, at Rs 17.59 crore as against Rs 3.67 crore in the previuos year.

The company's Board of Directors recommended payment of dividend of 20 per cent, amounting to Rs 2 per equity share.

Recently, the company raised equity capital through a book-built follow-on issue of 55 lakh equity shares and a rights issue of 55 lakh equity shares.

The company has announced plans to develop nine new projects in Mumbai, Pune and Bangalore besides its on-going projects including DSK Vishwa, DSK Durgamata Towers, DSK Firangipani, DSK Sundarban and DSK Madhuban.

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