Date:01/02/2005 URL: http://www.thehindubusinessline.com/2005/02/01/stories/2005020101150300.htm

Back Geojit to issue 1:1 bonus shares

Our Bureau

Kochi , Jan. 31

THE board of Geojit, which met here on Sunday, decided to issue bonus shares at the ratio of 1:1 subject to the necessary approvals. The company had earlier issued 1:1 bonus shares in 2000, a press release issued here has said.

Geojit has reported a marginal rise in net profit at Rs 3.37 crore (Rs 3.23 crore) during the third quarter. Total revenue of the company rose by 19.82 per cent to Rs 13.9 crore (Rs 11.6 crore).

Net profit of the first nine months of the current fiscal was Rs 6.02 crore (Rs 6.62 crore), while total revenue moved up by 19.5 per cent to Rs 31.3 crore (Rs 26.2 crore).

Income from operations of the wholly owned subsidiary, Geojit Infofin Technologies grew by 225 per cent to Rs 4.23 crore (Rs 1.3 crore). The net profit for the nine-month period was higher by 126 per cent at Rs 61 lakh (Rs 21 lakh).