Marathon Nextgen Q4 net up 98%

New Delhi, June 3 (UNI) Real estate player Marathon Nextgen Realty Ltd today said its net profit has grown 98 per cent to Rs 47.75 crore for the quarter ended March 2008 as against Rs 30.03 crore in the corresponding period last year.

Net sales increased 98 per cent growth to Rs 78.20 crore during the quarter as compared to Rs 39.45 crore in during Q4FY07.

The company's net profit increased 37.3 per cent to Rs 62.2 crore for FY08.

Total revenue grew by 23 per cent to Rs 119.4 crore during FY08 over last fiscal.

Net sales grew 13.4 per cent to Rs 103.6 crore during the financial year ended 2008 as compared to Rs 91.3 crore during the corresponding period last year, a company statement said.

The Board has also declared a dividend of 16 per cent.

UNI SR MP BST1833