IT solutions provider CMC has reported a 15.9% rise in net profit at Rs 10.7
crore for the quarter ended December 31, 2005, compared to Rs 9.2 crore for the
quarter ended December 31, 2004. Total revenue decreased 4.5% to Rs 195 crore
during the quarter under review, from Rs 205.2 crore in the year-ago period, the
company informed the BSE. The group has posted a consolidated net profit of Rs
12 crore for the quarter ended December 31, 2005, as against Rs 9.6 crore for
the corresponding quarter in 2004-05. Total revenue has decreased to Rs 211
crore for the quarter under review from Rs 216 crore in the same period last
fiscal.
CMC's Profit Up 15.9%
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