Net profit of Citadel Realty & Developers declined 17.39% to Rs 0.38 crore in the quarter ended June 2017 as against Rs 0.46 crore during the previous quarter ended June 2016. Sales declined 38.46% to Rs 0.64 crore in the quarter ended June 2017 as against Rs 1.04 crore during the previous quarter ended June 2016.

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Citadel Realty & Developers will hold a meeting of the Board of Directors of the Company on 10 August 2017.

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Net profit of Citadel Realty & Developers reported to Rs 0.98 crore in the quarter ended March 2017 as against net loss of Rs 0.41 crore during the previous quarter ended March 2016. Sales rose 354.69% to Rs 2.91 crore in the quarter ended March 2017 as against Rs 0.64 crore during the previous quarter ended March 2016.

For the full year,net profit rose 372.62% to Rs 3.97 crore in the year ended March 2017 as against Rs 0.84 crore during the previous year ended March 2016. Sales rose 134.58% to Rs 8.75 crore in the year ended March 2017 as against Rs 3.73 crore during the previous year ended March 2016.

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The Board of Directors of Citadel Realty & Developers at its meeting held on 29 May 2017 have recommended appointment of Devendra Shrimankar as Director of the Company. The Board accepted the resignation of V Nagarajan, Director of the Company.

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