Lanco Infratech Q2 Results

Lanco Infratech Ltd has announced the following Unaudited Results for the quarter ended September 30, 2007:

The Company has posted a profit after taxation of Rs 342.78 million for the quarter ended September 30, 2007 where as the same was at Rs 101.12 million for the quarter ended September 30, 2006. Total Income is Rs 3885.50 million for the quarter ended September 30, 2007 where as the same was at Rs 939.59 million for the quarter ended September 30, 2006.

The Consolidated Results are as follows:

The Group has posted a profit after tax, minority & share of profits of associates of Rs 609.04 million for the quarter ended September 30, 2007 where as the same was at Rs 518.22 million for the quarter ended September 30, 2006. Total Income is Rs 6686.85 million for the quarter ended September 30, 2007 where as the same was at Rs 4414.20 million for the quarter ended September 30, 2006.

During the year ended March 31, 2007 the Company had consolidated certain group entities engaged in the business of Power, Construction and Property Development under its management. Consequently, these Companies have become its subsidiaries / associates. Hence, the consolidated results for the current period are not fully comparable with those of the corresponding period of the previous year.