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This is an archive article published on May 29, 2011

Unitech net down by 15.9%

Net sales rose by 8.7 per cent in last fiscal as compared with Rs 2,931.33 crore in 2009-10 financial year.

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Country’s second largest realty firm Unitech Ltd on Sunday reported a nearly 16 per cent decline in its consolidated net profit at Rs 567.66 crore during 2010-11 fiscal as against Rs 675.05 crore in the previous year.

Net sales rose by 8.7 per cent at Rs 3,187.09 crore in last fiscal as compared with Rs 2,931.33 crore in 2009-10 financial year.

The company’s debt,net of cash,reduced by Rs 228 crore during the last fiscal,Unitech said in a statement.

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