Logix Microsystems FY08 net up 80%

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Logix Microsystems FY08 net up 80%

Logix Microsystems FY 08 Net up an impressive 80%. During the year, the company posted a growth of 55 per cent in net sales at Rs. 46.15 crore as compared to Rs 29.75 crore in the previous year. Net profit after tax stood at Rs 16.01 crore, an 80 % rise over Rs 8.87 crore in the previous year.

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Logix Microsystems , a leading global software products company focused on automotive e-retailing solutions, has reported significant growth in revenue and profits for the year ended 31^st March,2008.

During the year, the company posted a growth of 55 per cent in net sales at Rs. 46.15 crore as compared to Rs 29.75 crore in the previous year. Net profit after tax stood at Rs 16.01 crore, an 80 % rise over Rs 8.87 crore in the previous year.

The company has also declared an interim dividend of 40% for the FY 2007-08.

Commenting on the results, Mr Sanjay Soni, Managing Director, Logix Microsystems Ltd., said, "The results are yet another affirmation of the strong positive response to Logix Products, Platforms, Services, and Solutions in the U.S. Automotive Retail Segment. We are very confident about the future prospects of the company and this has enthused us to declare an interim dividend of 40%."

Logix has also been listed in the Deloitte Technology Fast 500 Asia Pacific 2007. It has a ranking of No. 374. 

Sourced From: Paradigm Shift Public Relations