Geodesic Information Q4 net profit at Rs 21.2cr

Geodesic Information Systems has come out with fourth quarter results. The company has posted net profit of
Rs 21.2 crore (Rs 212 milion) in Q4 of FY07 versus Rs Rs 24.32 crore (Rs 243.2 million) in Q4 of FY06.

FY07 revenue stood at Rs 177 crore (Rs 1.77 billion) as against Rs 100 crore (Rs 1 billion).

Geodesic Information board has approved 1:2 bonus issue and has planned to raise USD 150 million.