The Hindu Business Line : AK Capital Q3 net up 138%

Mumbai, Jan. 24 Merchant bank AK Capital Services Ltd posted a 138 per cent rise in net profit at Rs 9.1 crore for the quarter ended December, against Rs 3.83 crore in the same quarter last year.

The strong growth is due to increased fee income from the corporate debt market and robust investment banking income.

The total income went up to Rs 26.37 crore (13.14 crore).

For the nine months ended December 2007, the company participated in about Rs 10,000 crore worth of corporate debt.

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