Press Releases
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Q2 PRESS RELEASE
Q2 Results
- Net Sales of Rs. 7.46 Crores
- Profit After Tax of Rs. 1.93 Crores
- Consolidated turnover including subsidiaries is Rs. 14.14 Crores (69 % sequential Q o Q Growth) and Profit After Tax is Rs. 3.67 Crores
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Half Yearly Results
- Net Sales of Rs. 14.30 Crores
- Profit After Tax of Rs. 3.86 Crores
- Consolidated turnover including subsidiaries is Rs. 22.52 Crores and Profit After Tax is Rs. 5.76 Crores for the half year ended 30th September, 2002.
Cranes Software International Ltd. (CSIL), a scientific and engineering software solutions provider, recorded net sales of Rs. 7.46 Crores for the second quarter ended September 30, 2002. The Profit After Tax for the quarter was Rs. 1.93 Crores. The consolidated turnover including that of its subsidiaries was Rs. 14.14 Crores.
For the half-year ended September 30, 2002, the company recorded net sales of Rs. 14.30 Crores. The Profit After Tax for the first half was Rs. 3.86 Crores. The consolidated turnover including subsidiaries was Rs. 22.52 Crores with a Profit After Tax of Rs. 5.76. The CSIL Board of Directors approved these results at a meeting held in Bangalore India, on November 30, 2002.
Talking about the company's near term prospects, Mr. Asif Khader, Managing Director said, "We have already implemented several measures to diversify investments and have cost structure more commensurate with revenues. Our strategy to aggressively grow deeper into the domain area of scientific and engineering software is showing progress and results. We expect that the CSIL strategy of remaining focused in our domain area and constantly improvising our marketing skills and domain knowledge will show the desired results in the medium to long term." |
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