gwl properties ltd Management discussions


GWL PROPERTIES LIMITED (FORMERLY KNOWN AS GORDON WOODROFFE LIMITED) ANNUAL REPORT 2007-2008 MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL RESULTS (Rs. in 000s) YEAR ENDED YEAR ENDED PARTICULARS 31.03.2008 31.03.2007 Profit/(Loss) before Interest 3962 6940 and Depreciation Interest 14 6 Depreciation 138 182 Profit/(Loss) before Tax 3810 6752 Current Year Tax and Deferred Tax 1414 2442 Profit/(Loss) after Tax 2396 4310 Balance brought forward 46194 41884 from previous year Balance carried to Balance Sheet 48590 46194 REVIEW OF OPERATIONS AND FUTURE OUTLOOK: During the year under review, the Company earned a profit of Rs.23.96 lacs compared to the profit of Rs.43.10 lacs in the previous year. The Company continues to look at various options to develop its real estate properties.