Aptech Ltd Q1 profit up 31.87% to Rs.1.68 Crores

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

The Company has posted a profit after taxes of Rs.16.88 million for the quarter ended June 30, 2007 where as the same was at Rs.12.8 million for the quarter ended June 30, 2006. Total Income is Rs.240.43 million for the quarter ended June 30, 2007 where as the same was at Rs.221.9 million for the quarter ended June 30, 2006.

The company reported an Earnings Per Share (EPS) of Rs.0.39 for Quarter ended June 30, 2007 compared to Rs.0.34 reported during Quarter ended June 30, 2006.

The High court of Judicature of Bombay, vide order dated, April 27, 2007 has sanctioned the reduction / utilisation of the securities premium account to the extent of Rs 38,89,02,555/- for adjusting the debit balance of Profit and Loss Account of the Company as at December 31, 2006 and necessary effect has been given in the accounts.

Consequent to the equity infusion by Aptech Ltd, the issued and paid up capital in the following subsidiaries viz., Aptech Software Ltd, Attest Training Services Ltd, Avalon Aviation Academy Pvt Ltd and Synergetics Information Technology Services India Pvt Ltd, stands increased.

The company had an adverse impact on account of foreign exchange fluctuation which was to the tune of Rs 6.128 million on a standalone basis and Rs 7.646 million on a consolidated basis which is included in the administrative expenses.

The stock was trading at Rs.339.85, down by Rs.17.10 or 4.79%. The stock hit an intraday high of Rs.353 and low of Rs.335. The total traded quantity was 422882 compared to 2 week average of 745563.

Source : Equity Bulls

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