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Aftek Infosys FY-03 net up 26.89% at Rs 42.15 cr
Mumbai, July 17: Aftek Infosys registered a 26.89 per cent increase in net profit at Rs 42.15 crore in the financial year ended June 30, 2003, compared to Rs 33.67 crore posted during the previous fiscal.
Mumbai, July 17: Aftek Infosys registered a 26.89 per cent increase in net profit at Rs 42.15 crore in the financial year ended June 30, 2003, compared to Rs 33.67 crore posted during the previous fiscal.
The company`s net sales rose 49 per cent to Rs 92.01 crore during the reporting fiscal, as against Rs 61.55 crore posted during the same period a year ago, Aftek Infosys chairman Ranjit Dhuru said in a release on Wednesday.
The software firm`s net profit rose to Rs 11.23 crore in fourth quarter ended June 30, compared to Rs 9.15 crore posted during the same period of FY-02, while its net sales increased to Rs 25.94 crore from Rs 16.35 crore posted a year ago, he said.
On a sequential basis, Aftek posted a three per cent increase in net profits and an eight per cent increase in net sales, the chairman said.
The company`s European operations contributed 33 per cent of the income in FY-03, while that from its services business has doubled to Rs 61.60 crore from Rs 30.74 crore posted in FY-02, he said.
Bureau Report