KLG posts 116.35 net profit increase to Rs 278.24 lakh

New Delhi, July 10 (UNI) KLG Systel, a major software and services company, registered an increase of net profit by 116.35 per cent to Rs 278.24 lakh in the first quarter ending June 2006 from Rs 128.61 lakh in the corresponding quarter the previous year.

The Q1 basic earnings per share went up to Rs 3.45 as compared to Rs 1.68 during the previous quarter.

The Q1 turnovers were Rs 1,810.79 lakh, an increase of 54.74 per cent as compared to Rs 1,170.18 lakh in the corresponding quarter the previous year.

''We are moving steadily towards doubling our revenue by the end of the year with the NASSCOM projecting the domistic IT market to cross 6 bln Dollar by 2006,'' said KLG systel Managing Director Kumud Goel.

UNI ARB VJ DB2002