Zylog Systems is trading higher by 3% at Rs 650 after reporting 64% year-on-year (y-o-y) jump in net profit at Rs 55.84 crore for the fourth quarter ended March 2012. Total income from operations grew 35% at Rs 676 crore on y-o-y basis.
The board of IT consulting and services provider recommended a final dividend of Rs 10/- per share (100% on face value of Rs 10/-) for the financial year 2011-12.
The board also approved the sub-division the face value of company's equity shares from Rs 10 each into two equity shares of face value of Rs 5/- each.
The stock opened at Rs 648 and hit a high of Rs 659 on the Bombay Stock Exchange. As many as a combined around 25,000 shares have changed hands on the counter so far.
