Moneycontrol
Last Updated : May 18, 2018 08:14 AM IST | Source: PTI

Quess Corp posts over 2-fold jump in Q4 net profit at Rs 75 cr

According to the statement, total income of the company in the quarter rose to Rs 1,914.73 crore from Rs 1,242.52 crore a year ago.

 
 
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Business service provider Quess Corp (Quess) reported over 2-fold jump in consolidated net profit to Rs 75.75 crore in the quarter ended March 2018 on the back of higher revenues. The company's consolidated net profit stood at Rs 33.34 crore in the quarter ended March 2017, a BSE filing said.

According to the statement, total income of the company in the quarter rose to Rs 1,914.73 crore from Rs 1,242.52 crore a year ago.

The company's consolidated net rose to Rs 309.76 crore in 2017-18 from Rs 121.87 crore in the previous financial year.

Apart from approving results, the board today also approved further investments in the Singapore entities, through its wholly-owned subsidiary, Quesscorp Holdings Pte Ltd, Singapore.

It will have 36 percent equity in Comtel Solutions Pte Ltd, Singapore with an investment up to Singapore dollar (SDG) 22 million and 49 percent equity in ComtelPro Pte. Ltd, Singapore with an investment up to Singapore dollar (SDG) 500,000.
First Published on May 18, 2018 07:40 am
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