The Hindu Business Line : Madhucon net profit up 82%

Madhucon Projects Ltd has announced a growth of 82 per cent in net profit during the fiscal ended March 2006, while the turnover improved by around 12 per cent.

It posted a net profit of Rs 29.44 crore (Rs 16.16 crore) on a turnover of Rs 348.43 crore (Rs 310.55 crore). In a press release, the company said its net worth has improved to over Rs 407 crore from Rs 102 crore in the previous fiscal. It has recently offered a global depository receipts for an amount of $62 million.

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