Aptech’s second quarter net up 65 percentAugust 5th, 2008 - 7:17 pm ICT by IANS
New Delhi, Aug 5 (IANS) Software training company Aptech Ltd has increased its net profit by 65 percent in the second quarter ending June 30 of the company’s January-December accounting year, compared to the same period last year, it said in a statement. According to the statement, profit after tax for this quarter stood at Rs.27.8 million, compared to Rs.16.9 million in 2007, with the sharp rise of 65 percent.
Aptech’s net revenue has risen to Rs.284 million in the same quarter this fiscal from Rs.240.4 million last year - a growth of 18 percent.
The revenues from the retail education business increased 42 percent in this quarter.
“The second quarter saw all our brands expanding across India and abroad,” Aptech’s chief executive officer Pramod Khera said in the company statement. “We forayed into Mauritius and Botswana in keeping with our plan of expanding in Africa.”