Geojit makes record PAT of Rs 12.79 crore

Kochi, Oct 28 (UNI) Kochi-based Geojit Financial Services Ltd recorded a PAT of Rs 12.79 crore for the half year ended September 2006.

According to a release today the income increased to Rs 62.25 crore and PBT to Rs 18.58 crore compared to Rs 44 crore and Rs 15.82 crore respectively for the previous half year.

The company still maintained a high 65 per cent return on capital employed.

Geojit Commodities Ltd, a wholly owned subsidiary, recorded 258 per cent rise in net profit. The company recorded Rs 2.58 crore net profit on Rs 11.34 crore income. The revenue increased by 300 per cent.

According to Senior Vice President, in-charge of Commodities, C P Krishnan, "the growth is due to expansion and additional business opportunities. The company doubled commodity terminals to 300 covering Tamil Nadu, Karnataka, Gujarat and Maharastra".

Geojit had added 700 employees during last one year, an increase of 53 per cent compared to the previous year.

In a bid to expand the operation network, the company added 75 offices to its network to make a total of 385 offices across the country, he added.

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