BWI: CCCL Reports 62.5% Growth in Profits in Q3

Press release from Business Wire India
Source: Consolidated Construction Consortium Ltd
Friday, January 29, 2010 04:32 PM IST (11:02 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Construction, Financial Analyst, Real estate, Stock exchanges
--------------------------------------------------
CCCL Reports 62.5% Growth in Profits in Q3


Chennai, Tamil Nadu, India, Friday, January 29, 2010 -- (Business Wire India) -- Consolidated Construction Consoritum Limited, a Chennai based engineering construction company, (BSE: 532902, NSE: CCCL) has reported standalone Q3 revenues of Rs.450.92 Crores (PY Rs.431.59 Crores) and Q3 Profit before Tax of Rs.32.15 Crores (PY Rs.18.67 crores) and Q3 Profit after Tax of Rs.21.22 Crores (PY Rs.13.05 Crores).

Cumulative Turnover on a standalone basis stood at Rs.1313.78 Crores (PY Rs.1278.82 Crores). Cumulative Profit before Tax stood at Rs.90.83 Crores (PY Rs.76.54 Crores) and Profit after Tax of Rs.59.95 Crores (PY 51.50 Crores).

The orders on hand stood at Rs.3657.60 Crores and fresh orders received during January 2010 were to the tune of Rs.194.95 Crores.

The JV formed for the purpose of airport execution and the 100% subsidiaries have during the 9 months achieved a total Profit after Tax of Rs.10.49 Crores.

If the above profits are consolidated with the standalone figures, the EPS would stand at Rs.19.06 per share.

About CCCL

Headquartered in Chennai, Consolidated Construction Consortium was promoted in the year 1997. The company is an integrated construction services provider and its operations cover industrial, commercial, residential and infrastructure projects. It has presence in Bangalore, Hyderabad, Kolkatta, New Delhi, Pune, Trivandrum and Dubai. CCCL has grown from Rs.40 million to Rs.14 billion and has executed projects across 17 states and union territories in India. It has been awarded ISO: 9001Bureau Veritas certification as well as Quality Management system in tune with ISO: 9001:2000 standards, ISO 14001:2004 certification for the Environmental Management System and OHSAS 18001:2007 certification for occupational health and safety. For more information please log on to www.ccclindia.com.

To view the Unaudited Financial Results, please click on the link given below:

Unaudited Financial Results For the Quarter Ended 31.12.2009
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Result Q3 Dec2009.pdf
Result Q3 Dec2009.pdf


CONTACT DETAILS
Mr. T.R. Seetharaman, CFO, Consolidated Construction Consortium Ltd, +91 (44) 23454500, trs@ccclindia.com
Twinkle Xavier, Account Manager, 20:20 MEDIA, + 91 9884480115, + 91 (44) 30985604, twinkle@2020india.com

KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, CONSTRUCTION, Financial Analyst, REAL ESTATE, STOCK EXCHANGES, CCCL.NS, CCCL.BO

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com