Moser Baer net loss at Rs 104 cr
Optical disc manfacturer, Moser Baer India, reported a net loss of Rs 103.98 crore for the first quarter ended June 30, 2008, against a net profit of Rs 9.64 crore in the same period a year ago. The loss was due to stiff price competition in the optical storage market. The net loss includes a loss of Rs 28.27 crore on account of adverse movement of foreign exchange. The total income for the quarter declined to Rs 495.79 crore from Rs 500.28 crore last year.
Logix Microsystems net up 27%
Software product company Logix Microsystems has recorded a 27 per cent increase in its net profit to Rs 4.8 crore in the quarter ended 30 June, 2008, compared to the corresponding quarter last year. The revenue of the company in the quarter grew by 68 per cent to Rs 16.94 crore over the quarter. In sequential term, the net profit and revenue in the quarter grew by 20 and 28 per cent.
Cambridge Tech net rises 207%
Cambridge Technology Enterprises (CTE), a Hyderabad-based IT services and service-oriented architecture-based solutions provider, reported a year-on-year growth of 206.85 per cent in its net profit for the first quarter ended June 30, 2008, to Rs 5.37 crore, as compared with Rs 1.75 crore in the corresponding quarter last year. Revenues for the quarter stood at Rs 47.48 crore, as against Rs 10.08 crore last year. BS Reporter
