Aptech Q3 net jumps 1154.11 pc; revenues climb 41%
New Delhi, Oct 29 (UNI) Global learning solutions company Aptech Ltd today reported an over 1000 per cent jump in net profit at Rs 10.66 crore in Q3FY07 as against Rs 0.85 crore in Q3FY06.
The company's net revenues stood at Rs 54.72 crore during the quarter as compared to Rs 38.68 crore during the third quarter ending September 30, 2005, a rise of 41 per cent.
''Our new businesses of learning services and corporate training solutions have added a lot of important clients and are showing good growth. Aptech's retail business has witnessed a remarkable growth, showing 86 per cent increase over last year and we continue to grow at a scorching pace in China,'' said Aptech Ltd CEO and MD Pramod Khera.
Global system-wide revenues of the company were Rs 322.15 crore, representing a 90 per cent YoY growth.
''Our processes are automated and our focus on improved quality of delivery of education has enhanced the student satisfaction,'' he added.
Aptech's flagship programme ACCP showed an impressive 90 per cent increase in enrollments as compared to the same quarter last year. It opened 20 new centres in China during the quarter, in the cities of Chengdu, Xian and Wuhan and the Jiangsu and Shangdong Provinces, taking the total number of Aptech centres in China to 225.
Aptech, which has trained over 2,00,000 students in China in the last five and a half years, added 1,21,823 students in the first nine months of 2006, showing an impressive increase of 202 per cent in the enrollments from the corresponding period last year.
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