PSI Data Systems Ltd Q1 net down 16% to Rs.7.48 Crores, stock down 4%

PSI Data Systems Ltd has announced the unaudited financial results for the Quarter ending June 30, 2007. The company has announced a decrease in net profit by 80% compared to the same quarter last year.

The company reported total income of Rs.226.73 Million in the Quarter ending June 30, 2007 compared to Rs.199.7 Million in the quarter ending June 30, 2006.

The Net Profit of the company decreased to Rs.1.44 Million compared to Rs.7.27 Million during Q1 2006-2007. The Earnings Per Share (EPS) stood at Rs.0.19 in Q1 2007-2008 compared to Rs.0.96 in Q1 2006-2007.

The stock closed the day at Rs.106.50, down by Rs.1.95 or 1.80%. The stock hit an intraday high of Rs.112.90 and low of Rs.105.15. The total traded quantity was 12240 compared to 2 week average of 6080.

Source : Equity Bulls

Keywords