Business Daily from THE HINDU group of publications
Thursday, Jul 31, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Thursday, Jul 31, 2008 ePaper | Mobile/PDA Version | Audio |
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Info-Tech
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Financial Performance Corporate Results - Software MRO-TEK Q1 net down 12.5% Our Bureau Bangalore, July 30 MRO-TEK, the Bangalore-based manufacturer of access networking devices, reported a 12.5 per cent drop in first quarter net profit, hurt largely by loss on foreign exchange fluctuations, sending shares down 1.5 per cent. For the latest quarter, net profit was Rs 1.94 crore, compared with Rs 2.22 crore in the year-ago period, the company said in a statement. Net sales increased 29.6 per cent to Rs 31.44 crore (Rs 24.25 crore). Loss on exchange fluctuation was Rs 1.16 crore for the quarter, compared with a gain of Rs 46.25 lakhs in the corresponding period last year, the company added. Shares of the company fell by 80 paise to Rs 52.70 on Wednesday at the Bombay Stock Exchange. More Stories on : Financial Performance | Software
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