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Everonn System’s Profit up by 5 folds to Rs 3.07cr in QoQ

This article was posted on Jul 14, 2008 and is filed under Press Releases

Everonn Systems India Limited, leading education and training company, today announced the un-audited results for the first quarter for the current fiscal ended June 30, 2008.

The Un-audited reviewed financial results were taken on record at the Board meeting held at Chennai. The company registered a 5 fold increase in nett. profit to Rs. 3.07 cr for the quarter ended June 30, 2008 from Rs.0.61 cr in the corresponding quarter last year. The consolidated revenues stood at Rs.22.58 crores, a 2.6 times increase over Q1 FY07 – 08. Mr. P Kishore, Managing Director, Everonn Systems India Limited said, “Setting up Virtual Classrooms in the Schools / Colleges is our focus. This Strategic Business Unit (ViTELS) will grow over 200% this year in points of presents and revenues”

Everonn has added 993 schools under ICT projects and 61 educational intuitions (schools and colleges) under the ViTELS in the present quarter; with this Everonn’s points of presence have gone up to 4157.

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