Date:29/07/2004 URL: http://www.thehindubusinessline.com/2004/07/29/stories/2004072901480700.htm

Back MRO-TEK Q1 net up 23 pc

Our Bureau

Bangalore , July 28

MRO-TEK Ltd said on Wednesday that its net profits and revenues for the June quarter grew by 22.8 per cent and 22.65 per cent respectively over corresponding period last year.

Net profits stood at Rs 1.40 crore on revenue of Rs 25.50 crore for June quarter this year as compared to net profit of Rs 1.14 crore on revenues of Rs 20.79 crore in Q1 last year.

Mr S Narayanan, Chairman and Managing Director said, "We have met our expectations and are satisfied with our performance this quarter. Our operations have been further tightened and input costs in manufacturing reduced". MRO-TEK expects to commercialise its R&D bandwidth manager product - eSona 100, during next quarter, said a press release.