UB (Holdings) net profit dips by 70%

The company posted a net profit after after tax of Rs 8.86 crore for the quarter ended June 30, 2008 as compared to Rs 29.46 crore for the quarter ended June 30 last quarter, a climdown of 70 per cent.

The total income of the company also saw a dip of 34 per cent Rs 107.97 crore for the last quarter to Rs 7.1 crore for the quarter ended June 30, 2008.