Bangalore : Cranes Software International Ltd, a Bangalore based scientific and engineering software solutions provider, has reported a 155.59 per cent increase in net profit to Rs 14.05 crore in 2002-03.

The net sales recorded a growth of 108.56 per cent to Rs 48.14 crore compared with Rs 23.08 crore last year, with revenues from overseas sales touching Rs 34.28 crore. The Board of Directors has recommended a dividend of 12 per cent for the year.