Ansal Properties & Infrastructure Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:
1. Reference is invited to Note No 2 of the unaudited statement of financial results regarding the change in the basis of accounting from April 01, 2007. The impact due to change in the case of stand alone financial, results for the quarter ended December 31, 2007 is increase in sales and profit before tax by Rs 279 lacs and Rs 40 lacs respectively and in the case of results of nine months period ended December 31, 2007, increase in sales and profit before tax by Rs 590 lacs and Rs 339 lacs respectively.
2. The financial statements are subject to adjustments pursuant to the limited review carried out by the auditors as under:
i. In the case of stand alone statement of financial results for the quarter ended December 31, 2007, the profit after tax is Rs 4498 lacs as against the published figure of Rs 4,891 lacs; and in the case of nine month period ended December 31, 2007 the profit after tax is Rs 12,912 lacs as against the published figure of Rs 13,305 lacs;
ii. the basic and diluted earnings per share (EPS) in the case of stand alone statement of financial results for the quarter ended December 31, 2007 are Rs 3.96 and Rs 3.90 respectively instead, of published figure of Rs 4.31 and Rs 4.24 and in the case of financial statements for the nine months period ended December 31, 2007 the figures are Rs 11.38 and Rs 11.20 instead of Rs 11.72 and Rs 11.54 mentioned in the published results.
1. Reference is invited to Note No 2 of the unaudited statement of financial results regarding the change in the basis of accounting from April 01, 2007. The impact due to change in the case of stand alone financial, results for the quarter ended December 31, 2007 is increase in sales and profit before tax by Rs 279 lacs and Rs 40 lacs respectively and in the case of results of nine months period ended December 31, 2007, increase in sales and profit before tax by Rs 590 lacs and Rs 339 lacs respectively.
2. The financial statements are subject to adjustments pursuant to the limited review carried out by the auditors as under:
i. In the case of stand alone statement of financial results for the quarter ended December 31, 2007, the profit after tax is Rs 4498 lacs as against the published figure of Rs 4,891 lacs; and in the case of nine month period ended December 31, 2007 the profit after tax is Rs 12,912 lacs as against the published figure of Rs 13,305 lacs;
ii. the basic and diluted earnings per share (EPS) in the case of stand alone statement of financial results for the quarter ended December 31, 2007 are Rs 3.96 and Rs 3.90 respectively instead, of published figure of Rs 4.31 and Rs 4.24 and in the case of financial statements for the nine months period ended December 31, 2007 the figures are Rs 11.38 and Rs 11.20 instead of Rs 11.72 and Rs 11.54 mentioned in the published results.
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