Mascot Systems net profit at Rs 375 million

Our eFE Bureau

Mumbai, May 7: MASCOT Systems Ltd (MSL) has posted a net profit of Rs 375 million for the fiscal ended March 31,2001 on a total income of Rs 3,509 million for the fiscal ended March 31, 2001. The board of directors has proposed a final dividend of 15 per cent on equity shares on equity shares.

The net profit for the year ended March 31, 2000 was at Rs 47 million on a total income of Rs 722 million
for fiscal 2000.

The board of directors accepted the resignation of V Chandrasekaran as director & managing director of the company with immediate effect. In its meeting held on Monday, the board appointed Mr Shekar Sivasubramanian chief operating officer as interim head of the company till further announcement.