KLG's net profit up by 73.97%

Published on Jan 21, 2006 06:32 PM IST

KLG Systel reported 73.97% increase in net profit for the third quarter ended December 2005 at Rs 1.40 cr.

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None | ByPress Trust of India, New Delhi

Software solution company KLG Systel on Saturday reported 73.97 per cent increase in net profit for the third quarter ended December 2005 at Rs 1.40 crore compared to Rs 80.64 lakh in the corresponding period previous fiscal.

The company's income also rose by 23.56 per cent and touched Rs 12.27 crore as against corresponding quarter of previous year's Rs 9.93 crore, KLG said in a release.

For the nine month period ended December, the net profit jumped by 97.72 per cent at Rs 3.88 crore, it said.

"Our company has maintained the growth curve by reporting a healthy rise in net income and profit for the quarter. The company will continue to focus on developing innovative solutions for the Indian market, especially in the power sector, with technologies like SG61TM," KLG Managing Director Kumud Goel said in a statement.

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