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| Cambridge, FACT & Tube Investments Q2 result | | CORPORATE SCORECARD |
| BS Reporter / Mumbai Nov 03, 2008, 00:03 IST |
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Cambridge Tech net zooms 200 per cent
Cambridge Technology Enterprises, a Hyderabad-based provider of service-oriented architecture-based solutions, witnessed a nearly 199.52 per cent increase in net profit to Rs 6.35 crore for the second quarter ended September 2008, compared with Rs 2.12 crore in the corresponding period last year. Revenues stood at Rs 51.58 crore as against Rs 13.29 crore, an increase of 288.11 per cent.
Basic earnings per share was Rs 4.01, as against Rs 1.34. "The significant growth in revenues and net profit has been primarily on account of our careful monitoring of the business environment and the potential impact of the global markets on our business, mitigating the risks and increased offshoring," Chief Financial Officer Ramesh Reddy said on Monday. The company would focus on retaining and growing business in its key accounts during the next six months.
FACT makes a turnaround after 10 years
Fertilizers and Chemicals Travancore (FACT), the Kochi-based public sector company, has registered a profit after a gap of around 10 years. The company has posted a profit of Rs 19.28 crore for the first six months of the current financial year as against a loss of Rs 92.1 crore YoY. The company could achieve a total sale of Rs 1,024 crore as against Rs 611 crore in H1 of 2007-08. Chairman and Managing Director George Sleeba said the overall production of fertilisers had been good with 2.16 lakh tonnes of Factamfos and 44,500 tonnes of Ammonium Sulphate.
Tube Investments profit jumps 167%
Tube Investments' net profit has soared 167 per cent to Rs 42.07 crore during the quarter ended September 30, 2008, compared with Rs 15.72 crore for the same period last year. Net sales increased to Rs 635.76 crore as against Rs 424.64 crore, an increase of 49 per cent.
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