Construction Industry News
“Simplex infrastructure has been issued a letter of award (LoA) by Bengal Aerotropolis Projects (BAPL), which is presently setting up the country's first airport city near Durgapur, West Bengal. Net profit of the company has increased at 1% yoy Rs 1232.40mn from Rs 1226mn of same period of last year. Simplex has successfully completed major projects such as Refinary & Petrochemical complex at Jamnagar, Cement Plant at Cuddappah and Mejia. Net Sales and PAT of the company are expected to grow at a CAGR of 8% and 6% over 2010 to 2013E respectively.”
“Simplex Infrastructure Ltd disclosed results for the quarter ended March 2011. Net sales for the quarter moved up 9% to Rs 13674.40 million as compared to Rs 12521 million during the corresponding quarter last year. During the quarter, the company has reported PAT decreased to Rs 369.80 million from Rs 459.30 million in previous year same quarter. The Basic EPS of the company stood at Rs 7.45 for the quarter ended March 2011.”
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