Jaiprakash Associates Q1FY08 net soared over 52% to Rs 140 crore as against Rs 92 crore reported in Q1FY07.According to a release issued by Jaiprakash to the BSE today, the company's total income for the quarter ended June 30, 2007, increased 8.8% to Rs 1,005 crore from Rs 924 crore in the corresponding quarter a year ago.The company also declared its first interim dividend of Rs 1.50 per share in the board meet held on July 14, 2007.Further, the board also approved a proposal to raise upto $1bn in two or more tranches from international market, via FCCB / GDR / ADR offering, including a Greenshoe option of $400 mn via FCCBs immediately on approval of shareholders.
