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Computer education company Aptech reported a consolidated net profit of Rs 3.7 crore for the first quarter ended June 2012. This was a severe decline from Rs 53.66 crore in the year-ago period. Total income declined to Rs 38.57 crore in the April to June 2012 quarter from Rs 96.94 crore in the same period last year.
Institutional revenue has nearly halved over the March 2012 quarter. During the quarter, Aptech invested $500,000 in shares of Syntea SA, Poland which comprises 9.09 per cent of the share capital of the Polish company. On Friday, the stock closed at Rs 76.70 on the Bombay Stock Exchange.
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