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HYDERABAD: Northgate Technologies Ltd has recorded total income of Rs 20.92 crore and a net profit of Rs 6.57 crore for the third quarter ended December 31, 2005 as against total income of Rs 15.03 crore and a net profit of Rs 2.02 crore for the corresponding quarter last year.

Last fiscal, the company's total income stood at Rs 51.88 crore with a net profit of Rs 7.20 crore.

During the quarter, the company incorporated a wholly-owned subsidiary, Globe7 HK Ltd in Hong Kong and in September 2005, the company raised Rs 43.55 crore through a preferential offer.

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