DLF Quarterly net profit at Rs.579.27 Crores, declares 100% dividend

DLF Ltd has announced the unaudited financial results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 5792.70 million for the quarter ended June 30, 2007. Total Revenue is Rs 12071.10 million for the quarter ended June 30, 2007.

The Board of Directors of the Company at its meeting held on July 19, 2007, inter alia, has recommended dividend @ 100% on the entire equity share capital including the shares issued in the IPO of the Company for the financial year 2006-07.

The stock was trading at Rs.649.10, up by Rs.3.70 or 0.57%. The stock hit an intraday high of Rs.664.90 and low of Rs.631.55. The total traded quantity was 3147130 compared to 2 week average of 6334528.

Source : Equity Bulls

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