Micro Technologies Q1 up in net profit of 177 pc at Rs 6.51 cr

Mumbai, Aug 2 (UNI) Micro Technologies India Ltd (MICRO TECHNOLOGIES), an ISO 9001:2000 certified public listed company offering IT security solutions, has posted in net profit up by 177 per cent to Rs 6.51 crore for the first quarter ended June 30, 2006 as compared to Rs 2.35 crore in the same period of the previous year.

The Income from Operations in the first quarter of FY 06-07 has increased by 87 per cent to Rs 22.16 crore as compared Rs 11.84 crore for the same period in FY 05-06. On a capital base of Rs 10.07 crore, this works to a quarterly earning per share( EPS) of Rs 6.47.

Micro Technologies has processed 3 patents, 2 Copyrights and 5 Trademarks in this quarter.

The company also has expansion plans for Lost Mobile Tracking System (Micro LMTS) based on International demand for this product.

Micro LMTS is a comprehensive and intelligent tool to significantly reduce the theft of Mobile Phones and to maintain the system integrity of selected high-end Mobile Phones. This product has been suitably designed to meet client specific requirements internationally, according to the press release issued by Micro Technologies India Ltd.

With adequate patent protection, the company is swiftly moving towards enhancing its customer reach through aggressive marketing and promotion activities in India and abroad. The USP of Micro Technologies lies in developing and providing innovative, affordable and useful products. The company has tied up with International companies to penetrate the overseas market, the release added.

UNI AR PM AW1633