11 May 2009 07:00
| Immediate Release | 11 May 2009 |
KSK Power Ventur plc
("KSK" or "the Company")
Indian subsidiary financial results (under Indian GAAP)
KSK Power Ventur plc (AIM: KSK.L) ("KSKPV"), the power project company listed on the AIM market of the London Stock Exchange, with interests in multiple power plants across India, is pleased to announce that its subsidiary, KSK Energy Ventures Limited ("KSKEV"), the equity shares in which are listed and traded on the National Stock Exchange of India Limited ("NSE") and the Bombay Stock Exchange Limited ("BSE"), has filed with the NSE and BSE on 9th May 2009 its audited financial results for the year ended 31st March 2009. KSKPV holds 55.24 per cent. of the shares of KSKEV.
The KSKEV results are in line with expectations, with consolidated total income of INR 3,801m (2008: INR 2,457m) and consolidated net profit of INR 1,359m (2008: INR 1,024m). Full details of the KSKEV audited results are available from the KSK section of the NSE website (www.nseindia.com ) and the BSE website (www.bseindia.com ).
KSKPV intends to present its consolidated financial results (under IFRS) for the same period, which are expected to be released during June 2009.
For further information please contact:
KSK Power Ventur plc +91 40 2355 9922
S. Kishore
Arden Partners plc +44 (0) 020 7398 1632
Richard Day / Adrian Trimmings
Buchanan Communications +44 (0) 20 7466 5000
Mark Edwards