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Our Bureau

Chennai, Feb. 9

Marg Constructions Ltd has reported a nearly five times increase in net profit of Rs 11.4 crore on an income from operations of Rs 30.05 crore for the quarter ended December 31, 2006. During the corresponding period in the previous year, the net profit was Rs 2.41 crore on income of Rs 10.83 crore.

It has reported revenues of Rs 14.72 crore as other income, which the company's Managing Director, Mr G.R.K. Reddy, attributed to revenue from its subsidiary, Karaikal Port Pvt Ltd. Marg Constructions initially received the concession for setting up the port and it was subsequently assigned to the subsidiary as a capital asset. Interest has doubled to Rs 1.81 crore (Rs 92 lakh).

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Marg Constructions net up 5-fold

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