Moldtek announces 122 per cent increase in profit

Hyderabad, Jan 23 (UNI) Moldtek Technologies, a leading KPO services company, today announced 122 per cent net increase in profit for the Q3 ended on December 31, 2006.

The company had registered a net profit of Rs 2.26 crore compared to Rs 1.02 crore in the corresponding period last year, a company release said here today.

The release also quoted Moldtek Technologies Ltd Managing Director Laxman, as saying "the first nine months in 2006-07 was very encouraging." "The proposed acquisition of a US-based engineering company would further strengthen the financial base of the company," he added.

UNI