Four Soft PAT up 254% in Q2

Hyderabad, Oct 27 (UNI) Four Soft, a company offering software solutions for transportation and logistics industry, today announced its PAT grew to Rs 40.38 million for the quarter ended September 30, 2008, as compared to Rs 11.41 million in the corresponding quarter last year, recording a 254 per cent growth.

According to a press release here, the revenues were recorded at Rs 383.20 million for the quarter ended September 30, 2008 as compared to Rs 418.48 million in the corresponding quarter last year.

The quarter has seen a significant jump in profits due to increased operational efficiency and favorable foreign exchange rates. During the quarter, the company also successfully implemented its flagship products at numerous customer sites across the globe, a press release here said.

The company has recorded Rs 1,111.43 million in sales and a PBT of Rs 418.36 million for the first half year of the year.

Four Soft Ltd CFO Biju S Nair said, ''Four Soft has been witnessing a strong growth in profits for last three quarters. We are in a stronger financial position and are taking all possible measures to de-risk the company from any possible economic slowdown.'' UNI VA GM AK1902