Jaiprakash Associates today announced a 15.5% rise in net profit of Rs 104 crore for the quarter ended September 2007 as against Rs 90 crore in the corresponding period last year.The company's Q2FY08 total income moved up 14% to Rs 922 crore when compared with Rs 808 crore in the same quarter last year.The board of directors today agreed for a stock split in the ratio of 1:5, i.e each equity share of Rs 10 will be split into five shares of Rs 2 each.Jaiprakash Associates also informed the BSE that is would invest in a special purpose vehicle, that would be incorporated as a joint venture company for developing a greenfield state-of-the-art sports complex and related integrated infrastructure.
