The Hindu Business Line : Four Soft net at 0.99 cr

HYDERABAD: Four Soft has recorded a total income of Rs 6.88 crore and a net profit of Rs 0.99 crore for the quarter ended June 30, 2005 against a total income of Rs 4.81 crore and a net profit of Rs 1.16 crore during the corresponding quarter last year.

Mr Palem Srikanth, Managing Director, said in a statement, "As part of the inorganic growth strategy, we have strengthened our Asia Pacific operations by acquiring a Singapore-based company in the last quarter."

The company informed the BSE that its board of directors adjourned the July 31 meeting, which was scheduled to consider the allotment of shares to GMKH Automation B.V. valued at Rs 0.92 crore at the price fixed in accordance with the SEBI guidelines for preferential issues, towards part consideration for the acquisition of CargoMate International B.V. This acquisition was completed in October 2004.

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