Mindteck reports profit for Q1 2013-14

10th August 2013 | By Mouseworld Now Correspondent |

New Delhi, India, August 10, 2013: Mindteck (India) Limited, a technology company, has reported its unaudited financial results for the first quarter ended June 30, 2013.

The Company’s consolidated revenues for the quarter stood at Rs. 76.30 crore as against Rs. 63.75 crore for the corresponding quarter of the previous year ended June 30, 2012, registering an increase of Rs. 12.55 crore and growth of 20%. Net profit for the quarter stood at Rs. 3.26 crore as against a net loss of Rs. 2.53 crore for the corresponding quarter of the previous year.

Yusuf Lanewala, Managing Director and Group CEO, Mindteck, said, “I’m very pleased to see the progress we’re making as an organization toward sustained, predictable and profitable growth. What’s noteworthy is the significant improvements in profitability and operating margin for the quarter.

 

© Mouseworld Now News Service

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