Tanla Solutions Ltd Q1 net profit at Rs.19.47 Crores

Tanla Solutions Ltd has announced the Un-Audited financial results for the quarter ended June 30, 2007.

The Company has posted a profit after tax of Rs.194.74 million for the quarter ended June 30, 2007. The Total Income for the quarter ended June 30, 2007 was at Rs.321.57 million.

The company has reported an Earnings Per Share (EPS) of Rs.3.89 in Q1 2007-2008.

During the quarter Tanla Solutions Ltd has incorporated & invested in its wholly owned subsidiary i.e., Tanla Mobile Asia Pacific Pte Ltd, Singapore. Tanla Mobile Asia Pacific Pte Ltd, has further incorporated Tanla Mobile Inc., New Jersey, USA & Tanla Mobile Ireland Pvt Ltd, Dublin, Ireland as wholly owned subsidiaries, whose commercial operations are yet to be commenced.

During the fiscal year 2007 the company allotted 1,58,85,000 equity shares of Rs 2/- each at a premium of Rs 263 on December 28, 2006 in the Follow on Public Offer. Consequently, the paid-up equity shares has been increased from 3,41,15,000 to 5,00,00,000 equity shares.

The stock closed the day at Rs.472.45, down by Rs.5 or 1.05%. The total traded quantity was 94910 compared to 2 week average of 113443. The stock hit an intraday high of Rs.488 and low of Rs.458.40.

Source : Equity Bulls

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