KEC International Net Profit surges by 85% - 1/25/2010
Mumbai, January 25, 2010: KEC International Ltd., a global leader in the project management business and an RPG group company, today announced its unaudited consolidated results for quarter ended 31st December 2009.
The company's net sales are Rs. 949 crore as against Rs. 887 crore for the corresponding quarter last year, registering a growth of 7%. PAT grew by an impressive 85% to Rs. 46 crore from Rs. 25 crore in the corresponding quarter last year.
The company’s order book is at an all time high at Rs. 6051 crore as on date. Of this 53% comes from the South Asia market and the balance 47% from the International market.
“The company has seen a good quarter with large number of order inflows. We are delighted that the profit for the quarter has jumped by 85%. Going forward, fuelled by a healthy order book and a sizeable amount of tenders in pipeline, we are confident of continuing this impressive performance in the near future. ” commented Mr. Ramesh Chandak, MD & CEO of the KEC International Limited.
About KEC International
KEC International Ltd. is a global leader in the power transmission project management business. With global operations spanning over 20 countries, the company is present in India, UAE, Libya, Ghana, Algeria, Afghanistan, Nigeria, Kazakhstan, Mali, Oman, South Africa, Kenya, Ethiopia and Egypt among several other countries.
About RPG Enterprises
RPG Enterprises is one of the India’s leading business groups with a turnover of Rs 15,000 crore. RPG Enterprises has presence in sectors like Power, Tyres, Retail, IT, Transmission, Carbon Black, Specialty & Entertainment.
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