Fomento Resorts & Hotels net profit rises 1.39% in the June 2008 quarter

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NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)
PROFIT UP 55% AT RS.143.50 CR; NET SALES UP 22.5% AT RS.2234.20 (YOY)
IMPORTING SUGAR BEING REVIEWED; NEED FOR ECONOMIC PRICING OF SUGAR
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KEEPS OVERNIGHT LENDING RATE UNCHANGED AT 0.1%
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ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
ROAMING CALLS ON OWN NETWORK AT 60 PAISE/MIN
SWAP TO REDUCE OVERALL FINANCE CHARGES FOR THE COMPANY: CFO
COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS

Updated: 13/08/2008 | 12:00 AM IST

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Capital Market

Wednesday, August 13, 2008 (New Delhi)

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Sales rise 9.12% to Rs 9.45 crore

Net profit of Fomento Resorts & Hotels rose 1.39% to Rs 1.46 crore in the quarter ended June 2008 as against Rs 1.44 crore during the previous quarter ended June 2007. Sales rose 9.12% to Rs 9.45 crore in the quarter ended June 2008 as against Rs 8.66 crore during the previous quarter ended June 2007.