MVL Limited engages in the development of real estate properties in India. It constructs and develops residential, commercial, hospitality, and township properties. MVL Limited was incorporated in 2006 and is based in Gurgaon, India.
MVL Ltd. Reports Unaudited Consolidated (Provisional) Earnings Results for the Third Quarter & Nine Months Ended September 30, 2011
MVL Ltd. reported unaudited consolidated (provisional) earnings results for the third quarter and nine months ended September 30, 2011. For the quarter, the company reported profit from operations before other income, interest and exceptional items of INR 57.912 million compared to INR 68.248 million reported a year ago. Net profit was INR 22.44 million or INR 0.04 per basic and diluted share before and after extraordinary items compared to net profit of INR 36.581 million or INR 0.14 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 288.921 million compared to INR 275.709 million reported a year ago. For the nine months, the company reported profit from operations before other income, interest and exceptional items of INR 265.894 million compared to INR 275.814 million reported a year ago. Net profit was INR 129.776 million or INR 0.22 per basic and diluted share before and after extraordinary items compared to net profit of INR 154.785 million or INR 0.58 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 1,305.714 million compared to INR 1,230.742 million reported a year ago.
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