Business Daily from THE HINDU group of publications
Monday, Oct 23, 2006
ePaper
Business Daily from THE HINDU group of publications Monday, Oct 23, 2006 ePaper |
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Info-Tech
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Financial Performance Corporate Results - ISPs Nettlinx turnover triples to Rs 3 cr Our Bureau
Hyderabad , Oct. 22 Nettlinx Ltd, Internet services provider, has achieved turnover of Rs 2.96 crore for the second quarter ended September 30, 2006, up by 300 per cent compared to the same period previous fiscal. The net profit was Rs 19.5 lakhs against a loss of Rs 16.9 lakhs for the same comparative quarters. The company is into VOIP, besides enterprise services in Andhra Pradesh, with delivery capabilities centre in New Jersey, US. On a restructuring course, Nettlinx wants to emerge as a service provider in the e-commerce, ITES, food testing along with the present ISP, according to Mr Vijay Bhasker Reddy, its Executive Director. Nettlinx has acquired a controlling stake in a Bangalore-based laboratory — IADFAC Laboratories in the area of food testing services and HACCP accreditation services, he said in a press release. Nettlinx Inc with office in New Jersey, and a 100 per cent subsidiary has also stabilised.
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