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Our Bureau

Chennai , Jan. 31

MASCON Global Ltd, has reported a net profit of Rs 69 lakh on a turnover of Rs 74.99 crore for the quarter ended December 2004, against a net profit of Rs 1.96 crore on turnover of Rs 54.46 crore for the corresponding quarter last year.

Total expenditure for the quarter was Rs 61.48 crore (Rs 47.91 crore). For the year ended March 31, 2004, it reported a net loss of Rs 3.14 crore on turnover of Rs 220.01 crore.

Mascon's board at its meeting on Monday accepted the resignation of Dr. Nandu Thondavadi as the Managing Director. Mr Sandy K. Chandra will assume all responsibilities of Managing Director in addition to his being the Executive Chairman.

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