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Logix Microsystems Q2 net profit up 12% YoY

This article was posted on Nov 3, 2008 and is filed under Stock News

During the quarter, the company posted a growth of 6% in net sales at Rs124.9mn as compared to Rs118.3mn in the corresponding quarter previous year. Logix Microsystems, a leading global software products company focused on automotive e-retailing solutions, has reported significant growth in revenue and profits for the quarter ended September 30, 2008.

During the quarter, the company posted a growth of 6% in net sales at Rs124.9mn as compared to Rs118.3mn in the corresponding quarter previous year. Net profit for the quarter stood at Rs30.7mn, an 11.58% rise over Rs27.5mn in the corresponding quarter previous year.

Commenting on the results, Sanjay Soni, Managing Director, Logix Microsystems Ltd., said, “The results are yet another affirmation of the strong reputation of Logix Products, Platforms, Services, and Solutions in the U.S. Automotive Retail Segment.”

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