BANGALORE: Visualsoft (India) Ltd. net profit has risen to Rs 6.36 crore from
Rs 2.63 crore during the same period last year, recording a 147 per cent rise.
The unaudited financial results for the quarter were taken on record by the
board of directors.
The company has posted a Rs 15.54-crore turnover for the second quarter ended
September 30, 1999, recording a 113 per cent rise over the Rs 7.29 crore
recorded during the corresponding period last year. The company's annualized
earnings per share (EPS) has gone up from Rs 16.84 during the second quarter
last year to Rs 39.82 in the corresponding period this year.
The paid up equity capital has gone up to Rs 6.55 crore during the second
quarter in 1999 against Rs 6.25 crore during the corresponding period last year.
"The increase in paid-up capital of Rs 30 lakh during the current quarter
was due to a preferential allotment of three lakh equity shares to FIIs (foreign
institutional investors) and Mutual Funds at a premium of Rs 1,415 per share
during August 1999," said company chairman and managing director D.V.S.
Raju. The equity shares of the company have been listed on the National Stock
Exchange of India and have been scheduled for trading with effect from October
13, 1999.