Mascot Q3 PAT Falls By 37% To Rs 6.6 Crore

Bangalore: | Updated: Jan 24 2003, 05:30am hrs
Mascot Systems profit after tax has declined by 37 per cent to Rs 6.60 crore in the third quarter of fiscal 2003 as against Rs 10.50 crore in the corresponding period of last year.

The total revenue of the company has registered a marginal increase to touch Rs 97.70 crore (Rs 97.40 crore).

However, on a sequential basis, the company has registered a 8.3 per cent revenue growth compared to the second quarter of fiscal 2003.

The PAT has shown a marginal increase from Rs 6.40 crore to Rs 6.60 crore during the two consecutive quarters.

Mascot Systems CEO Gerhard Watzinger said the revenue growth reiterates the companys intrinsic strengths.