Pioneer Investcorp announced a fantastic increase in net earning for the period ended June 2007.

During the same quarter under review, the company`s net profit ascended 11.59 times to Rs 100.15 million, as against Rs 8.64 million in the corresponding period of the last year (2007).

The company’s quarterly sale arose 9.45 times to Rs 170.06 million as against the corresponding quarter, a year ago.

Operating margins also augmented to 88.87% in the quarter as compared with 70.16% in the same period of the last year. In contrast net margins climbed up to 58.63% during the quarter from 45.35% a year ago.

The company`s earnings per share (EPS) on a trailing twelve month basis is Rs 19.15.

Pioneer Investcorp Limited provides project and financial advisory services and financial solution for business and industrial houses growth projects. The company’s financial services comprises investment banking, research for equity markets, broking for debt, equity and derivative markets, portfolio management services (pms), insurance and risk management services, private placements of bonds and equities, term loan and debt syndication and commodities trading.