Sobha has reported results for first quarter ended June 30, 2015.
The company has reported 17.58% fall in its net profit at Rs 46.40 crore for the quarter ended June 30, 2015 as compared to Rs 56.30 crore for the same quarter in the previous year. The company’s total income has decreased by 21.37% to Rs 452.50 crore for the quarter under review from Rs 575.50 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported 21.05% fall in its net profit after taxes, minority interest and share of profit of associates of Rs 45.00 crore for the quarter ended June 30, 2015 as compared to Rs 57.00 crore for the same quarter in the previous year. Total income of the company has decreased by 20.55% at Rs 462.90 crore for quarter under review as compared to Rs 582.60 crore for the quarter ended June 30, 2014.
