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Crisil net up 18%

Our Bureau

MUMBAI, Jan. 4

CREDIT Rating Information Services of India Ltd has recorded an increase in net profit of 18.3 per cent for the quarter ended December 31, 2000.

Net profit amounted to Rs 4.51 crore compared to Rs 3.81 crore in the previous corresponding quarter.

Total income for the quarter ended December 31, 200, stood at Rs 13.37 crore (Rs 9.9 crore); and total expenditure at Rs 6.64 crore (Rs 3.92 crore).

Other income of Rs 3.47 crore for the quarter (Rs 1.39 crore) includes profit of Rs 3.05 crore on sale of property rights. Depreciation for the quarter stood at Rs 1.02 crore (Rs 0.65 crore) ``due to acquisition of brand INFAC and purchase of new office premises'' said the company.

Profit-before-tax amounted to Rs 5.7 crore (Rs 5.31 crore). Provision for taxation was Rs 1.18 crore (Rs 1.49 crore).

The company's total income for the nine-month period ended December 31, 2000, amounted to Rs 35.75 crore (Rs 29.06 crore) and net profit amounted to Rs 9 crore (Rs 9.91 crore).