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Chennai May 9 Software development and services company KLG Systel has more than doubled its net income to Rs 121.13 crore for the year ended March 2007, as opposed to Rs 51.3 crore reported in the previous year. According to a press release, the life cycle solution software segment contributed Rs 58.68 crore to net income while the power system solutions segment contributed Rs 62.44 crore.

Profit after tax stood at Rs 21.94 crore against Rs 5.2 crore posted in the previous year. The company declared an interim dividend of 25 per cent in 2006-07.

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