The Hindu Business Line : Take Solutions net drops 55%

Chennai-based Take Solutions Ltd has reported a 55 per cent drop in net profit to Rs 8 crore for the quarter ended September 30, 2009 as against Rs 18 crore in the same period last year. Revenue declined by 12 per cent to Rs 86 crore (Rs 98 crore). However, the net profit was twice as much as in the previous quarter, ended June 2009.

Revenue was up 10 per cent to Rs 86 crore (Rs 78 crore). Staff cost remained unchanged at Rs 36 crore. "We are witnessing a slow but steady improvement in global business environment primarily in the US, which is our biggest market. Although we expect the order book to grow over the next two quarter, we continue to remain cautious over the full economic recovery," the company said. - Our Bureau

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