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Sterling Green Woods Ltd.

BSE: 526500 Sector: Services
NSE: N.A. ISIN Code: INE398F01019
BSE LIVE 15:14 | 13 Nov 12.36 -0.64
(-4.92%)
OPEN

12.36

HIGH

12.36

LOW

12.36

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 12.36
PREVIOUS CLOSE 13.00
VOLUME 243
52-Week high 17.43
52-Week low 10.36
P/E
Mkt Cap.(Rs cr) 5
Buy Price 12.35
Buy Qty 202.00
Sell Price 0.00
Sell Qty 0.00
OPEN 12.36
CLOSE 13.00
VOLUME 243
52-Week high 17.43
52-Week low 10.36
P/E
Mkt Cap.(Rs cr) 5
Buy Price 12.35
Buy Qty 202.00
Sell Price 0.00
Sell Qty 0.00

Sterling Green Woods Ltd. (STERLINGGREEN) - Chairman Speech

Company chairman speech

STERLING GREENWOODS LIMITED ANNUAL REPORT 2008-2009 CHAIRMAN'S REPORT FROM THE CHAIRMAN Dear Share holders, We take pleasure in presenting Co's 17th annual report(for Financial year 2008-09.) Business outlook & sentiments. as you are aware, there was sudden global recession and financial melt down in practically ail business sectors. Both real estate and hospitality were one of the worst affected. We also experienced lower-sales In real estate from November,2008. Our resort also experienced lower Occupancies, club memberships also dipped sharply. REAL ESTATE: Despite the above gloomy picture, the company has been able to achieve higher sales. However, to attract business, Lower E.M.I's were offered which resulted in lower cash inflows. THE CLUB & RESORT: The turnover was lower than previous year by 7%. During the year most development, renovation jobs were completed. The 'golden swan' club building And the spa was made operational. OVER ALL FINANCIAL PERFORMANCE: The company was able to achieve an overall higher turnover of 20% DIVIDEND: The board is unable to declare dividend, on account of poor liquidity. THE FUTURE: The current market scenario since April 2009, seems to be improving. There are more Real Estate enquiries .The stock market is again buoyant. We can look forward to an improved performance in the coming year. I thank my colleagues on the Board of the company and express my gratitude to all officers and staff for their support and hard work. Yours sincerely, Place: Ahmedabad Date : 29/05/2009 B. Kumar