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Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Sep 14,2016

Net profit of Future Enterprises rose 615.37% to Rs 315.48 crore in the quarter ended June 2016 as against Rs 44.10 crore during the previous quarter ended June 2015. Sales declined 67.64% to Rs 921.19 crore in the quarter ended June 2016 as against Rs 2846.84 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales921.192846.84-68
OPM %24.969.91-
PBDT295.07184.1360
PBT142.3249.92185
NP315.4844.10615

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Angels Enterprises to hold AGM
Aug 26,2016

Angels Enterprises announced that the th Annual General Meeting(AGM) of the company on 27 September 2016.

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Vishvas Projects to hold AGM
Aug 26,2016

Vishvas Projects announced that the th Annual General Meeting(AGM) of the company on 28 September 2016.

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Parnami Credits to hold board meeting
Aug 26,2016

Parnami Credits will hold a meeting of the Board of Directors of the Company on 25 August 2016.

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Puravankara Projects to hold board meeting
Aug 26,2016

Puravankara Projects will hold a meeting of the Board of Directors of the Company on 8 September 2016 to consider and approve the Consolidated & Standalone Unaudited Financial Statements of the Company & its Subsidiaries of the Quarter ended June 30, 2016.

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Vishvas Projects to hold board meeting
Aug 26,2016

Vishvas Projects will hold a meeting of the Board of Directors of the Company on 25 August 2016.

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Lanco Infratech to hold AGM
Aug 26,2016

Lanco Infratech announced that the 23th Annual General Meeting(AGM) of the company on 27 September 2016.

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Classic Global Finance & Capital to hold AGM
Aug 26,2016

Classic Global Finance & Capital announced that the th Annual General Meeting(AGM) of the company on 30 September 2016.

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Parnami Credits to hold AGM
Aug 26,2016

Parnami Credits announced that the 23th Annual General Meeting(AGM) of the company on 29 September 2016.

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Sanghi Corporate Services to hold AGM
Aug 26,2016

Sanghi Corporate Services announced that the th Annual General Meeting(AGM) of the company on 10 September 2016.

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Premier Capital Services to hold AGM
Aug 26,2016

Premier Capital Services announced that the 33th Annual General Meeting(AGM) of the company on 24 September 2016.

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Dolphin Medical Services to hold AGM
Aug 26,2016

Dolphin Medical Services announced that the 24th Annual General Meeting(AGM) of the company on 29 September 2016.

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Monarch Networth Capital to hold board meeting
Aug 26,2016

Monarch Networth Capital will hold a meeting of the Board of Directors of the Company on 3 September 2016 AGM

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World Bank Approves $55 Million to Strengthen Nepals Strategic Roads and Bridges
Aug 26,2016

The World Bank approved a credit of US$ 55 million for the Government of Nepal to scale up its Road Sector Development Program and address post-earthquake reconstruction needs, including the strengthening of the countrys strategic road and bridge network to withstand future seismic and climate vulnerabilities.

The additional financing will top up World Bank support to the Roads Sector Development Project (RSDP) which has been ongoing since 2008. When it began, the project intended to provide residents in 10 beneficiary districts, including the poorest, in the mid-western and far-western regions of Nepal with all-season road connectivity, reduced travel time, and improvements in access to economic centers and social services. With the additional financing, 25 more districts stand to benefit from the maintenance of earthquake-affected bridges. The original 10 districts will also continue to benefit from road upgrading, slope stabilization and bridge works.

n++The Road Sector Development Project has been the cornerstone of our support to Nepals strategic roads network for nearly a decade,n++ said Takuya Kamata, World Bank Country Manager for Nepal. n++While the primary focus has been to develop connectivity in the poorest and remotest regions of the country, the 2015 earthquakes highlighted the need to improve the resilience of key roads and bridges to future natural shocks.n++

RSDP currently serves a population of 2 million in 10 districts in the mid-western and far-western regions of Nepal. The project will serve another 10.2 million Nepalis following the maintenance of earthquake affected bridges in the 25 additional districts. The bridges that will undergo maintenance in these districts provide connectivity along the Birgunj-Narayanghat-Mugling-Kathmandu corridor which carries the vast majority of freight into and out of Kathmandu and Pokhara. This corridor is among Nepals most vital infrastructure assets for supporting economic growth and development.

n++Nepals hills and mountains are susceptible to extreme precipitation, earthquake, and landslides that can result in severed connectivity, loss of life, and damage to property,n++ said Farhad Ahmed, Task Team Leader for the project. n++Robust construction, better maintenance and improvements in the capacity to respond will help Nepal adapt to unforeseen events.n++

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Engineers India jumps 14.5% in three sessions
Aug 26,2016

Meanwhile, the S&P BSE Sensex was down 55.12 points or 0.2% at 27,780.79.

More than usual volumes were witnessed on the counter. On BSE, so far 2.56 lakh shares were traded in the counter as against average daily volume of 1.38 lakhs shares in the past one quarter. The stock hit a high of Rs 268.90 in intraday trade so far during the day, which is 52-week high for the counter. The stock hit a low of Rs 261 so far during the day. The stock had hit a 52-week low of Rs 143.25 on 17 February 2016. The stock had outperformed the market over the past one month till 25 August 2016, gaining 13.25% compared with 0.92% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 45.49% as against Sensexs 7.55% rise.

The mid-cap company has equity capital of Rs 168.47 crore. Face value per share is Rs 5.

Shares of Engineers India jumped 14.5% in three sessions, from a close of Rs 231.70 on 23 August 2016, to current ruling price of Rs 265.30. Engineers Indias net profit rose 50.07% to Rs 80.30 crore on 11.74% drop in total income to Rs 396.40 crore in Q1 June 2016 over Q1 June 2015. The result was announced after market hours on 23 August 2016.

State-run Engineers India provides engineering consultancy and EPC services, mainly to the oil and gas and petrochemical industries. The company has also diversified into sectors like infrastructure, water and waste management, solar and nuclear power and fertilizers to leverage its strong technical competencies and track record. The government of India holds 59.37% in Engineers India (as per shareholding pattern as on 30 June 2016).

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Salzer Electronics allots equity shares
Aug 26,2016

Salzer Electronics announced that the Sub-Committee of the Board at its Meeting held on 26 August 26, 2016 approved the allotment of 88,000 Equity Shares of Rs. 10/- each with a premium of Rs. 241.45 per share to the allottees, upon conversion of similar quantum of share warrants issued at price of Rs. 251.45 per warrant under Chapter VII (Preferential Issue) of SEBI (Issue of Capital and Disclosure Requirements) Regulations 2009.

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