The Hindu Business Line : Allsec Tech net up 11%

Allsec Technologies has reported net profit of Rs 6. 99 crore for the quarter ending March 2007, up 11 per cent from Rs 6.31 crore reported during the same quarter last year. According to a press release, revenues stood at Rs 28.56 crore (Rs 26.82 crore). For the year ending March 2007, standalone revenues grew 26 per cent at Rs 117.13 crore (Rs 93.33 crore). Net profit grew by 30 per cent to Rs 28.14 crore (Rs 21. 64 crore). Consolidated revenue (including the wholly-owned subsidiary B2K Corp and two overseas subsidiaries) for the year ended March 2007 stood at Rs 131. 32 crore, up 38 per cent over last year, the release said. The company has recommended a dividend of Rs 5 per equity share (50 per cent) for a share of face value Rs 10, for 2006-07.

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