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Saturday, July 28, 2001

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Morepen Labs Q1 net up 11 pc

NEW DELHI: The turnover of Morepen Labs went up by 12.31 per cent during the first quarter of the current financial year to Rs 117.42 crore compared to Rs 104.55 crore in the previous quarter.

The profit before tax (PBT) has gone up by 10.08 per cent from Rs 19.55 crore to Rs 21.51 crore and profit after tax (PAT) has moved up by 11.04 per cent from Rs 17.85 crore to Rs 19.82 crore compared to last quarter.

The company has also increased its capital base during the first quarter by Rs 2.5 crore by issuing preference shares. -- Our Bureau

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