SKP Securities record 62 per cent rise in total income

Kolkata, Jan 22 (UNI) SKP Securities, a leading brokerage and mutual funds distributor, has recorded a 62 per cent rise in total income at Rs 8.29 crore and a 43 per cent increase in profit after tax at Rs 1.80 crore for the nine month period ending December 31, 2006.

" The lower rise in profits is due to the lag effect of our growth initiatives which will bear fruit in the long run as we have been rapidly expanding our distribution network," company Managing Director Naresh Pachisia said.

SKP Securities Ltd is engaged in research advise based equities and derivatives broking on NSE and BSE, depository services on NSDL and DSL.

UNI