Micro credit to find its way in North East India
Mumbai: January 15, 2008: S.E. Investments Ltd, the only micro finance entity listed on the Bombay Stock Exchange has posted excellent profits for the Quarter ended December 2007. The Income from operations has increased 43.73 % to Rs. 22.57 crore for the nine months ended 31st December 2007 as against Rs. 15.68 crore for the same period last year. The Profit Befor Tax has gone up 23 % to Rs. 8 crore The Net Profit stands at Rs. 6.09 crore against Rs. 5.21 for the corresponding period last year.
The Income from operations for the relevant quarter stands at Rs. 7.58 crore and the Net Profit at Rs. 2.30 crore. The holds added.
The company enjoys a strong presence in Agra with 33,201 new households added from 1st April, 07 to 31st Dec 07, thus taking the outreach to total 78,245 house holds.
About S.E. Investments Ltd
Headquartered in Uttar Pradesh, S.E. Investments is a 15 year old well established provider of micro credit in the north western regions of India. SEIL promotes microcredit to women and Self Help Groups (SHGs) in both urban and rural areas. By enhancing the employability and income of women, SHIL is alleviating the poverty and living conditions of people at both macro and micro levels. To fund its operations, SEIL has tied up with leading financial institutions of the country. SE. Investments enjoys credit facilities from Punjab National bank, ICICI Bank, Small Industries Development Bank of India, IREDA and HDFC Bank.
The company has also invested in alternate energy in Karnataka and Rajasthan by setting up 2.4 MW and 0.8 MW Enercon units for power generation.
For Further information, please contact
Mr. David Franklin
Concept PR
93221 96698
2207 6317
Concept PR