Megasoft consolidated quarterly net plummets 77.3%
Source: IRIS | 13 Aug, 2014, 05.34PM
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| Rating: NAN / 5 stars. |
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Megasoft announced a drop in consolidated net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 77.30% to Rs 3.20 million from Rs 14.10 million in the same quarter last year. Net sales for the quarter declined 15.74% to Rs 181.00 million, compared with Rs 214.80 million for the prior year period. Earnings per share for the quarter stood at Rs 0.07, registering 77.42% decline over previous year period.
| Quarterly Results - (Rs in mn) | | As at | Jun - 14 | Jun - 13 | %Change | | Net Sales | 181.00 | 214.80 | (15.74) | | Net Profit | 3.20 | 14.10 | (77.30) | | Basic EPS | 0.07 | 0.31 | (77.42) | Shares of the company declined Rs 0.74, or 7.68%, to settle at Rs 8.89. The total volume of shares traded was 50,343 at the BSE (Wednesday).
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