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Tuesday, Aug 10, 2004

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Ma Foi Q2 net revenue up 70 pc

Our Bureau

Chennai , Aug. 9

MA Foi Management Consultants Ltd, a human resources firm, has reported net revenue of Rs 9.26 crore on gross revenue of Rs 27.76 crore (Rs 17.96 crore) for the second quarter ended June 30, a 70 per cent growth in net revenue over the corresponding quarter last year.

The company said in a release that its staffing solutions division contributed about 90 per cent to the overall gross revenue.

The second quarter witnessed a growth in permanent and flexible staffing business with maximum revenue contributed by information technology, IT-enabled services, and telecom and consumer/retail business.

In Malaysia, the company plans to set up HR business process outsourcing services with focus on providing human resource information systems solutions that will cater to the needs of Malaysian market, the release said.

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