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Tata Infotech profits
rise 117.54%
Financial Express - June 7, 2001 |
Tata Infotech Ltd (TIL) has posted an impressive
117.54 per cent increase in net profit at Rs 26.54 crore for the
year ended March 31, 2001 as compared to Rs 12.20 crore last fiscal.
The board has recommended a 60 per cent dividend
(35 per cent in FY’00) subject to shareholders’ approval,
TIL said in a release here on Wednesday.
The company’s total income was up by 21.12
per cent at Rs 523.62 crore for the reporting year as against
Rs 432.31 crore for the previous year it said adding growth in
income and profits was driven primarily by overseas business.
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