Landmark Property Development Company disclosed a substantial drop in standalone net profit for the quarter ended June 2015. During the quarter, the profit of the company declined 55.30% to Rs 2.31 million from Rs 5.17 million in the same quarter previous year.
Revenues for the quarter declined 68.99% to Rs 6.24 million, compared with Rs 20.12 million for the prior year period.
Operating margin for the quarter stood at 19.43 percent as compared to 28.17 percent for the previous year period. Operating Income for the quarter was Rs 1.21 million, compared with Rs 5.669 million in the previous year period.
Earnings per share for the quarter stood at Rs 0.02, registering 50.00% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 15 | Jun - 14 | %Change |
| Revenues | 6.24 | 20.12 | (68.99) |
| Net Profit | 2.31 | 5.18 | (55.30) |
| Diluted EPS | 0.02 | 0.04 | (50.00) |
Shares of the company gained Rs 0.3, or 8.7%, to trade at Rs 3.75. The total volume of shares traded was 24,151 at the BSE (2.56 p.m., Wednesday).
