Ritesh properties posts net profit of Rs 11.21 crore

Mumbai, Jun 27 (UNI) Ritesh Properties and Industries Limited has posted a net profit of Rs 11.21 crore for the year ended March 31, 2007 as against a net profit of Rs 3.52 crore during the previous year.

In order to strengthen its operations, RPIL is acquiring a sports brand in the US. In the current fiscal, RPIL will invest Rs 250 million, funded mainly by debt and internal accurals, dealers added.

UNI