Kale Consultants Q1 net up 240 pc

Mumbai, July 25 (UNI) Kale Consultants Limited (Kale), the leading provider of software solutions and outsourced services to the Travel&Transportation industry, has for the first quarter ended June 30, 2006 registered net profit of Rs 1.68 crore as compared to Rs 49.70 lakh for the corresponding quarter of the previous year, reflecting a growth of 240%.

Announcing the results, the company said its revenues for the period stood at Rs 17.01 crore as compared to Rs 12.97 crore for the corresponding quarter of the previous year, a growth of 31 per cent.

Commenting on the performance, Mr Vipul Jain, CEO&Managing Director said, ''We have witnessed steady growth during this quarter and the trend is expected to continue during the year. Our order book looks very healthy and we believe that Kale has the required vision, business model and execution capabilities to grow in a sustainable basis over the medium to long term. Also as our revenues scale, our business model will ensure that our profitability is substantially enhanced.'' UNI SN PM SKB1946