Micro Technologies reported superior financial performance for the first quarter ending on June, 30, 2008. The company reported consolidated net income of Rs 66.76 crore, an increase of 93% over the corresponding quarter in the previous year. Consolidated net profit for the quarter at Rs 18.30 crore reported a sharp increase of 74%. Consolidated earnings per share for the quarter at Rs 16.67 were up by 66%. On a standalone basis, net income at Rs 57.76 crore grew by 67% while the standalone net profit at Rs 17.44 crore grew by 65%. The top line growth was driven by strong sales reported in security and messaging segment.

---

Be first to comment this article

Only registered users can write comments.
Please login or register.