Mastek Net up 26%

Mastek Group has reported an increase of 26% in net profit to Rs16.2 crore
for the second quarter ended December 31, 2005, compared to Rs 12.8 crore
reported for the year-ago quarter. A Mastek statement said it has posted
its highest ever quarterly total income of Rs.175.1 crore for the second
quarter, up 25% from Rs 153.1 crore reported for the corresponding quarter the
previous year. On a sequential basis, the company's net profit increased 8%
from Rs 15 crore. According to the statement, Mastek's board has recommended a
bonus issue of one equity share for every equity share held. The Board also
declared an interim dividend of 60% amounting to Rs 3 per share.