Advertisment

Aztec slips into red; FY03 loss Rs 6 cr

author-image
CIOL Bureau
Updated On
New Update

BANGALORE: Aztec Software Technology Services has posted a net loss of Rs 2.86 crore for the quarter ended March 31, 2003 compared to a net loss of Rs 60 lakh for the quarter ended March 31, 2002. Total income of the IT player has decreased from Rs 15.38 crore in the March quarter of 2002 to Rs 8.63 crore in the March quarter of 2003.

Advertisment

The company has posted a net loss of Rs 6.18 crore for the year ended March 31, 2003 compared to a net profit of Rs 13.78 crore for the year ended March 31, 2002.

The group, as whole has posted a net loss of Rs 2.88 crore for the quarter ended March 31, 2003 compared to a net profit of Rs 62 lakh for the quarter ended March 31, 2002. Total income has decreased from Rs 15.54 crore in the March quarter of 2002 to Rs 8.56 crore in the March 2003 quarter.

The group has posted a net loss of Rs 4.21 crore for the year ended March 31, 2003 compared to a net profit of Rs 16.94 crore for the year ended March 31, 2002. Total income has decreased from Rs 79.82 crore in FY02 to Rs 48.68 crore in FY03.

Source: IRIS

tech-news