17.10.2011 - India: Realty firms' profit decline may continue
Real estate companies continue to feel the pain in the second half of the current financial year, though city-based developer Oberoi Realty posted a 17 per cent growth in the net profit for the second quarter of 2011-12 at Rs 111.44 as compared to Rs 95.51 crore in the corresponding period in the previous fiscal. Oberoiís results, announced yesterday, show no debt on the books even as its rivals are troubled by a drop in home sales and a slowdown in office leasing transactions. Implication: Oberoiís performance is more of an exception..............................................Full Article: Source
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