Mumbai, July 25, 2014 –
The housing finance arm of re-insurer General Insurance Corp – GIC Housing Finance Limited – posted a net profit of Rs.25 crore for the quarter ended June 30, 2014 compared to Rs.24 crore, a year ago.
Total income during the quarter increased to Rs.169 crore against Rs.148 crore, a year ago.
The company had reported a net profit of Rs.97.5 crore on an income of Rs.624 crore in FY2014.
Shares of the company gained Rs.2.2 (1.29 per cent), to end at Rs.173.15 per share on the Bombay Stock Exchange.
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