Punj Lloyd profit in first quarter up 27 percent

July 31st, 2009 MUMBAI - Realty major DLF Friday reported a 79 percent drop in its net profit to Rs.396 crore for the quarter ended June 30 from Rs.1,863.97 crore in the same quarter, the previous fiscal. The company's total income also slipped to Rs.1,649.86 crore, a 57 percent drop from the previous corresponding quarter's Rs.3,810.62 crore.

July 27th, 2009 Ace Limited profit shrinks, but tops forecastBOSTON — Property and casualty insurer ACE Ltd. said Monday its second-quarter profit fell 28 percent on a decline in sales of insurance policies and reduced investment income.

July 10th, 2009 NEW DELHI - Engineering and construction conglomerate Punj Lloyd Friday said it has bagged three projects in Libya worth Rs.5,904 crore ($1.2 billion) for building commercial and residential complexes. The contracts were awarded to Sembawang Engineers and Constructors - a wholly-owned Punj Lloyd subsidiary in Tripoli, Libya - by the International Investment and Services Co, the company said in a regulatory statement.

July 2nd, 2009 NEW DELHI - Engineering and construction major Punj Lloyd has bagged three contracts worth Rs.1,873.18 crore ($392 million) from the Housing and Infrastructure Board of Libya, the company said Thursday. As per the contract, the Indian company will build roads, networks for drinking water, sewage water and storm water and electrical and communication infrastructure in three towns in Libya, the company said in a regulatory statement.

July 1st, 2009 MUMBAI - India's Engineering and construction major Punj Lloyd bagged a Rs.1,263 crore ($378 million) contract to build two key metro stations in Singapore, the company said Wednesday. The contract, awarded by the Singapore Land Transport Authority to Punj Lloyd's wholly owned subsidiary Sembawang Engineers and Constructors, is for building Botanic Gardens and Stevens stations.

June 18th, 2009 Carnival reports 32 percent drop in 2Q profitMIAMI — Cruise operator Carnival is reporting a better-than-expected 32 percent drop in second-quarter profit but is lowering its full-year forecast to reflect rising fuel costs. Miami-based Carnival Corp.

June 5th, 2009 MUMBAI - GMR Infrastructure, promoted by the Bangalore-based GMR group, has posted consolidated a net profit of Rs.53.24 crore for the quarter ended March 31, as against Rs.50 crore in the corresponding quarter the previous fiscal, an increase of 6.43 percent, the company announced Friday. Despite the recessionary trends in the economy and the effects of the global meltdown, the GMR group has been able to demonstrate peak revenue growth, spotless project execution, improved operational efficiency and timely funding for all its projects and acquisitions, GMR chairman G.M.

April 28th, 2009 BANGALORE - Biotechnology major Biocon Tuesday announced a decrease of over 61 percent in its net profit for the quarter ending March 31. In a regulatory statement, Biocon said its unaudited net profit for the last quarter was Rs.241.4 million, compared to Rs.620.3 million - a decrease of over 61 percent.

April 27th, 2009 Merck 1Q net profit falls 76 percentFRANKFURT — German pharmaceutical and chemical company Merck KGaA said Monday that its first-quarter net profit dropped by 76 percent as demand for chemicals in particular declined. Darmstadt-based Merck said net profit for the January-March quarter fell to euro57 million ($75 million) from euro239 million a year earlier.

April 16th, 2009 MUMBAI - Engineering and construction firm Punj Lloyd has won orders worth Rs.308 crore ($62 million) from Bangalore Metro Rail Corp to build eight stations, the company said Thursday. The projects are to be completed in 22 months.

January 27th, 2009 NEW DELHI - State-run upstream major Oil and Natural Gas Corp Wednesday reported 43.3 percent dip in its net profit for the quarter ended Dec 31, owing to low crude prices. The company's net profit for the third quarter fell to Rs.24.75 billion (Rs.2,475 crore/$506 million) from Rs.43.7 billion a year ago.

January 22nd, 2009 NEW DELHI - Reliance Communications (R-Com), part of the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Friday reported 2.7 percent increase in net profit in the quarter ended Dec 31. The company posted Rs.14.1 billion (Rs.1,410 crore) net profit in the quarter as against Rs.13.73 billion a year earlier, an official statement said.

January 21st, 2009 NEW DELHI - Telecom major Idea Cellular's net profit for the quarter ended Dec 31 zoomed 19.8 percent to Rs.2.84 billion (Rs.284 crore), compared to Rs.2.37 billion a year ago, an official statement said Thursday. The total income too surged 52.3 percent to Rs.26.06 billion during the third quarter as against Rs.17.1 billion in the year-ago period, the company said.

January 20th, 2009 KOLKATA - The city-based UCO Bank has posted a net profit of Rs.1.72 billion (Rs.171.64 crore) in the quarter ended Dec 31, as against Rs.827 million (Rs.82.78 crore) in the corresponding quarter last fiscal, reflecting an increase of over 100 percent, a top company official said here Wednesday. 'The net profit in this quarter jumped by 107.35 percent.

January 5th, 2009 NEW DELHI - Engineering and construction major Punj Lloyd has secured a Rs.2.64-billion contract from Airports Authority of India to construct a new airport in Sikkim, the company announced Tuesday. The project -- at Pakyong in East Sikkim and expected to be completed in 24 months -- includes the construction of a 30 metre wide runway of 1.7-km length, taxiway, apron drainage system and electrical work on the airport.