CITIL turnover grows at 75%

BANGALORE, September 2: Citicorp Information Technology Industries Ltd. (CITIL) has announced a 75 per cent growth in the turnover for the fiscal

1998-99 over the previous financial year. The company has recorded a total

turnover of Rs 144.57 crore and profit before tax rose by 63 per cent to

Rs 51.11 crore. The company’s earnings per share and book value on March

31, 1999 stood at Rs 123.82 and Rs 318.60, respectively. The company has a

customer base spanning 60 countries across the globe, and its banking

products rank among the top 10 selling solutions in the world.