Gemini Comm net increases 52% y-o-y

New Delhi, May 19 (UNI) Gemini Communications, a networking solutions provider, today said its consolidated net profit increased 52 per cent to Rs 27.47 crore for the year ended March 31, 2008 as compared to 18.08 crore in the previous fiscal.

The consolidated revenue grew 47 per cent to Rs 236.12 crore from Rs 161.02 crore in the FY07.

Gemini has orders on hand of close to the last year's revenues of Rs 250 crores.

''This is one of the main reason why the management believes that this year growth will far exceed the average growth rate the company has been having over the past four years,'' company said in a statement.

UNI MP RAR NS2051