Orbit Corporation clocks a profit of Rs 572.16 million

Mumbai, May 24 (UNI) Orbit Corporation Limited, a real estate construction and development company with a primary focus on redevelopment of existing properties, has posted a net profit of Rs. 572.16 million for the year ended March 31, 2007. The Company posted a consolidated Total Income of Rs. 1,932.77 million for the year ended March 31, 2007. On a consolidated basis, the Earnings Per Share worked out to Rs. 22.11 for fiscal 2007.

Mr. Pujit Aggarwal, Managing Director, Orbit Corporation Ltd., said, ''The performance has proved that the Company has an ambitious vision, astute business sense and a strong commitment. The results are testimony to our promise of always delivering everlasting assets to our customers and shareholders.'' UNI