UB Holdings net down to Rs 3.5 cr

UB Holdings, the primary holding company of VIjay Mallya, has posted a net profit of Rs 3.5 crore for the second quarter of FY15 as compared to a good Rs 1024 crore during the corresponding quarter of last year. Income from operations was also down marginally to Rs 100 crore from the earlier Rs 118 crore.