Business Daily from THE HINDU group of publications
Saturday, Aug 02, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Saturday, Aug 02, 2008 ePaper | Mobile/PDA Version | Audio |
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Info-Tech
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Financial Performance Logix net at Rs 4.81 cr Bangalore, Aug 1 Logix Microsystems Ltd, an IT product company focused on automotive e-retailing solutions, reported a 68 per cent growth in total revenue for the first quarter. For the quarter, total revenue was 16.94 crore compared with Rs 10.07 crore in the year-ago quarter, the company said in a statement. Net profit increased to Rs 4.81 crore from Rs 3.78 crore in the corresponding period last year. The company set up its European subsidiary in Brussels in June 2008. The art studio in Brussels which is under construction is expected to be completed by September. The company is also increasing its presence in the Indian market and is in discussions with major automotive manufacturers for selling its online retail products. - Our Bureau
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