India’s Sobha posts Q2 profit fall on higher expenses
BENGALURU (Reuters) – Indian real estate developer Sobha reported a nearly 22% fall in second-quarter profit on Monday, as higher land purchase costs eclipsed strong demand for luxury apartments in the country. Consolidated net profit for the Bengaluru-based company fell to 149.5 million rupees ($1.80 million) for three months ended Sept. 30 from 191.5 million …
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