Kale Consultants, the leading solutions provider to the airline, logistics and travel (ALT) industry, has recorded revenues of Rs 251.27 million for the quarter ended Dec. 31, 2008, as compared to Rs 199.87 million for the corresponding quarter of the previous year, a growth of 26%.
The profit after tax (PAT) stood at Rs 14.79 million as compared to Rs 8.26 million for the corresponding quarter of previous year a growth of 79%. Consolidated total income for the quarter ended Dec. 31, 2008 stood at Rs 368.66 million as compared to Rs 286.78 million for the corresponding quarter of the previous year, a growth of 29%. The consolidated PAT stood at Rs 38.14 million as compared to Rs 16.08 million for the corresponding quarter of the previous year. The consolidated revenue for nine months ended Dec. 31, 2008, is Rs 1,067.75 million compared to Rs 882.93 million for the corresponding period last year, a growth of 21%. *Brief Highlights:* > Increasing traction in outsourced revenue accounting and proration solutions > Growing demand for technology in the Indian logistics industry > Consolidated EPS for the quarter at Rs 2.61 a share Commenting on the performance, Vipul Jain, CEO and managing director said `` with a steady operational performance in Q3, we are confident of ending fiscal year 2009 on a positive note. The tangible benefits of acquiring Zero Octa in the last year have started to kick-in. Taking a proactive view of the overall economic conditions we are also looking at streamlining operations and increasing organizational efficiencies.`` He further added, ``our growth in difficult conditions highlights the merits of our unique business model. Our domain-led and IPR-driven solutions provide clients with transformational value. At the same time our pay-as-you-use models are seen an ideal alternative for clients with tighter technology budgets. `` The company provides comprehensive revenue accounting and cargo solutions to airline industry. For the logistics industry it provides solutions to the entire value chain including, carriers, shippers, airports, freight forwarders and container freight stations. Solutions for the travel industry include an end-to-end platform for travel operators. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
