Great Offshore has Fantastic Q1 2008

Great Offshore Ltd has announced the following Audited results for the quarter & year ended March 31, 2008:

The results for the Quarter ended March 31, 2008

The Company has posted a net profit of Rs 423.90 million for the quarter ended March 31, 2008 as compared to Rs 299.80 million for the quarter ended March 31, 2007. Total Income has increased from Rs 1519.40 million for the quarter ended March 31, 2007 to Rs 2049.90 million for the quarter ended March 31, 2008.

The results for the Year ended March 31, 2008

The Company has posted a net profit of Rs 2032.10 million for the year ended March 31, 2008 as compared to Rs 1414.20 million for the year ended March 31, 2007. Total Income has increased from Rs 5446.50 million for the year ended March 31, 2007 to Rs 7503.10 million for the year ended March 31, 2008.

The Consolidated results are as follows:

The consolidated results for the Year ended March 31, 2008

The Group has posted a net profit of Rs 2016.30 million for the year ended March 31, 2008 as compared to Rs 1451.80 million for the year ended March 31, 2007. Total Income has increased from Rs 5900.70 million for the year ended March 31, 2007 to Rs 8193.70 million for the year ended March 31, 2008.

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