By IANS,
Mumbai : Ansal Properties and Infrastructure Thursday posted 81.24 percent fall in its consolidated net profit for 2008-09 at Rs.32.54 crore, comparing to Rs.173.52 crore recorded the year before.
Total sales of the company declined to Rs.740.97 crore during the year from Rs.996.68 crore in 2007-08.
The board of directors has proposed a dividend of 50 paise per equity for the year.
Earlier in the day, Unitech Ltd, another realty major, also posted a loss of 28 percent for 2008-09.