Accentia Technologies Ltd Q1 net vaults to Rs.6.19 Crores

Accentia Technologies Ltd has announced the UnAudited Financial Results for the quarter ended June 30, 2007.

The Company has posted a profit after taxes of Rs.61.97 million for the quarter ended June 30, 2007 where as the same was at Rs.0.11 million for the quarter ended June 30, 2006. Total Income is Rs.237.55 million for the quarter ended June 30, 2007 where as the same was at Rs.0.34 million for the quarter ended June 30, 2006.

The company reported an Earnings Per Share (EPS) of Rs.13.24 for Quarter ended June 30, 2007 compared to Rs.0.02 reported during Q1 2006-2007. The Mumbai High Court has approved the amalgamation of M/s Geosoft Technologies (Trivandrum) Ltd and M/s. Iridium Technologies Pvt Ltd and the company is awaiting for the Kerala high court approval for giving effect to the increased capital, which will take the capital to Rs 93.30 million. The same was informed earlier too while declaring the annual results of the company for the year 2006-07. With the respective High Courts Final Order, The paid up equity capital of the company is going to increase to Rs 93.30 million.

The above results include the numbers of 51% owned subsidiary, M/s Asscent Infoserve Pvt Ltd, Bangalore and Accentia Technologies FZE, RAK and its acquired subsidiaries in USA.

The stock was trading at Rs.160.25, up by Rs.7.60 or 4.98%. The stock hit an intraday high of Rs.160.25 and low of Rs.156.20. The total traded quantity was 183208 compared to 2 week average of 85777.

Source : Equity Bulls

Keywords