Aditya Birla Nuvo reports financial performance for the quarter ended 30 June 2010
Aditya Birla Nuvo reports financial performance for the quart erended 30 June 2010.
Mumbai, India, July 31, 2010: Aditya Birla Financial Services (ABFS) continues to take rapid strides in line with its vision “to be a leader and role model in the financial services sector with a broad based and integrated business”. Its combined assets under management (AUM) grew by 19% to Rs83,633 crore (approx. USD 19 billion). Revenue surged by 23% to Rs1,277 crore. ABFS posted net profit (including life insurance) of Rs54 crore vis-a-vis loss of Rs100 crore in the corresponding quarter of the preceding year.
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