Northgates first quarter net profit jumps to 191 percent

Hyderabad, Jul 31 (UNI) Northgate Technologies Limited has recorded a net profit growth of 191 percent year after year for the first quater ended June 30 this year on the strength of Online Advertisement and telcom business.

Northgate has earned net profit of Rs.118.24 million or Rs.8.54 a share during the first quarter ended June 30, this year up from Rs.40.70 Million or Rs.3.35 a share in comparision with the corresponding quarter in the previous year, according to a release here today.

The consolidated revenue for the first quarter ended June 30 this year stood at Rs.469.19 million.

Axill.com owned by Axill Inc. achieved the Platinum partnership of WALMAFRT.COM. Axill Inc. USA is a wholly owned subsidiary of Northgate.

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