Mastek net rises 47 percent to Rs.1.26 bn in 2007-08

July 23rd, 2008 - 8:11 pm ICT by IANS  

Mumbai, July 23 (IANS) The city-based IT solution provider Mastek Ltd has announced a consolidated net profit of $31.5 million (Rs.1.26 billion) in the last fiscal, recording a growth of 46.7 percent from the previous year. Total income increased to $229 million (Rs.9.16 billion) for the year ended June 30 2008 from $185.7 million (Rs.7.43 billion) the previous year, an increase of 23.28 percent.

For the latest quarter ended June 30, the company registered net profit of $9.75 million (Rs.390 million), compared to $5.91 million (Rs.236.5 million) in the same period the previous year, recording a growth of 63 percent.

The company has declared a dividend of 130 percent.

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