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Monday, Oct 25, 2004

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ICSA net up in Q2

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HYDERABAD: The meeting of Board of Directors of ICSA (India) Ltd has decided to convene a meeting of the company next month to consider and issue 400,000 equity shares on preferential allotment to the promoters of the company as per SEBI guidelines.

The Chairman and Managing Director of ICSA, Mr G. Bala Reddy, in a statement said that ICSA recorded total income of Rs 4.31 crore and a net profit of Rs 85 lakh for the quarter ended September 30, as against total income of Rs 1.24 crore and a net profit of Rs 14 lakh for the corresponding quarter last year.

The company had recorded total income of Rs 6.05 crore and a net profit of Rs 53 lakh for 2003-04."

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