Bangalore-based real estate developer Brigade Enterprises announced that the net profit for the second quarter ended September 30, 2010 zoomed to Rs.20.00 crore from Rs.4.48 crore in the year ago quarter. Net sales soared to Rs.113.38 crore from Rs.76.65 crore in the corresponding quarter last year.
The company said that it has approved a joint development agreement for development of 21 acres at Chennai and is expected to generate a turnover of more than Rs.550 crore.
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by RTT Staff Writer
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