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Business Economy Share

NettLinx posts net profit of Rs 1.44 cr in Q3

Hyderabad, Feb 14 (UNI) Hyderabad-based Internet services provider, NettLinx Limited, today reported a net profit of Rs 1.44-crore for the third quarter ended December 31,2016, up from Rs 0.83-crore in the second quarter of the current fiscal.

Driven by consolidation of its subsidiaries and restructuring of the group, NettLinx Limited is on the path to emerge into a strong player in its segment, the company claimed in a statement here.

NettLinx recently forayed into the highly lucrative European market by acquiring 95 per cent stake in Berlin-based business management company, Salion SE (Germany).

Commenting on the financial results, the company Managing Director Rohith Loka Reddy said we have posted strong results in the Q3 for the current financial year. By merging our subsidiaries like NettLinx Aqua into the parent, and by investing in sunrise business segments, NettLinx is putting the right foot forward for future.

Consolidated total income for the quarter ended December 31, 2016 stood at Rs 448.53-lakh as compared to Rs 586.86-lakh in the corresponding period last year.

Earnings per share (EPS) for Q3 are Rs 1.44 as compared to Rs 0.83 in the corresponding quarter for last fiscal.
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