Geometric Software Q4 net rises to Rs 8.30 cr, dividend at 40 pc

Mumbai, April 21 (UNI) Geometric Software Solutions Company Ltd has posted a net profit of Rs 8.30 crore for the quarter ended March 31, 2006 as compared to Rs 5.55 crore for the same quarter in the previous year.

Announcing the results, the company said its total income has increased from Rs 31.67 crore in Q4 FY 05 to Rs 40.83 crore for Q4 FY o6.

It has posted a net profit of Rs 17.66 crore for the year ended March 31, FY 06 as compared to Rs 20.66 crore for the year ended March 31, FY 05. Total income has increased from Rs 106.26 crore in FY 05 to Rs 133.06 crore for FY 06.

The consolidated results of the group has posted a net profit after minority interest of Rs 10.67 crore for the quarter ended March 31, Q4 FY 06) as compared to Rs 8.09 crore for the quarter ended March 31, Q4 FY 05. Total income has increased from Rs 52.51 crore in Q4 FY 05 to Rs 67.84 crore for Q4 FY 06.

The group has posted a net profit after minority interest of Rs 25.78 crore for the year ended March 31, FY 06 as compared to Rs 27.47 crore for the year ended March 31, FY 05. Total income has increased from Rs 173.30 crore in FY 05 to Rs 230.28 crore for FY 06.

The board of directors of the company has recommended a dividend at the rate of Rs 0.80 per equity share of Rs 2 each subject to the approval of shareholders at the ensuing aAnnual general meeting.

Managing Director Manu Parpia, on the results said, ''during the quarter, we have taken several initiatives to support and sustain growth of the company which has renewed our confidence in achieving our targets. I envisage Geometric taking strides to become a global enterprise with a diverse, energetic management team.'' UNI SN PP VKG2110