Nelito Systems FY07 net up 847.54 pc

New Delhi, Jun 2: Nelito Systems Ltd, a Tata Group company serving banking and finance sector, today said it has posted an increase of 847.54 per cent in net profit at Rs 5.78 crore for the fiscal ended March 2007 as against Rs 0.61 crore during the previous fiscal.

It also registered a 35 per cent increase in its turnover at Rs 46 crore for the said period.

''We are growing fast and aim to clock Rs 100 crore business mark in the next two years,'' company's Chief Executive Officer P Bhaskara Rao said.

The company has recorded an earning of Rs 28 per share and declared a dividend of 20 per cent.

UNI