Geometric Software Q4 net profit at Rs.79.87 million, recommends 40% dividend

Geometric Software Solutions Company Ltd has announced the Audited results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007: The Company has posted a net profit after taxes of Rs 79.87 million for the quarter ended March 31, 2007 as compared to Rs 83.10 million for the quarter ended March 31, 2006. Total Income has increased from Rs 408.30 million for the quarter ended March 31, 2006 to Rs 528.71 million for the quarter ended March 31, 2007.

The results for the Year ended March 31, 2007: The Company has posted a net profit after taxes of Rs 308.56 million for the year ended March 31, 2007 as compared to Rs 176.62 million for the year ended March 31, 2006. Total Income has increased from Rs 1330.61 million for the year ended March 31, 2006 to Rs 1972.87 million for the year ended March 31, 2007.

The consolidated results for the Quarter ended March 31, 2007: The Group has posted a net profit after minority interest of Rs 104.66 million for the quarter ended March 31, 2007 as compared to Rs 106.70 million for the quarter ended March 31, 2006. Total Income has increased from Rs 678.42 million for the quarter ended March 31, 2006 to Rs 1306.10 million for the quarter ended March 31, 2007.

The consolidated results for the Year ended March 31, 2007: The Group has posted a net profit after minority interest of Rs 374.40 million for the year ended March 31, 2007 as compared to Rs 257.86 million for the year ended March 31, 2006. Total Income has increased from Rs 2302.60 million for the year ended March 31, 2006 to Rs 3942.62 million for the year ended March 31, 2007.

The Board of Directors of the Company at its meeting held on April 30, 2007, inter alia, has recommended a dividend at the rate of Rs 0.80 per Equity Share of Rs 2 each, subject to the approval of Shareholders at the ensuing Annual General Meeting.

Source : Equity Bulls

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