Aptech records Rs 1.76 cr net profit

By : |January 31, 2003 0

BANGALORE: Aptech Limited has posted global revenue for the quarter ended December 31, 2002 is reported at Rs 76.42 crore as compared to Rs.75.25 crore for the corresponding quarter of previous year, registering an increase of 1.55%.

The net profit has increased impressively from Rs.0.20 Cr (Dec 01) to Rs.1.76 crore in the last quarter as a result of cost optimization measures undertaken by the company since last year.

Aptech Limited also declared the Segment performance of its two SBUs, namely IT Education and Multimedia, which contributed 77% and 23% respectively to the total income for the quarter.

Mr. Pramod Khera, CEO & Managing Director, Aptech Ltd. said "The IT training industry has gone through a challenging phase in the year 2002. Our efforts at productivity and quality enhancement have yielded results and have enabled us to register a Net Profit of Rs.5.15 crores during the nine-month period of April to December 2002. Going forward, we feel that this will enable us to show an improved performance during the year 2003".

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