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Home / India News / 2007 / January / January 22, 2007
Impressive Performance by Triton Corp, Income Up 147%, PAT Up at 58.59 Million

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Impressive Performance by Triton Corp, Income Up 147%, PAT Up at 58.59 Million

New Delhi, Delhi, India

Triton Corp Limited, a leading company, engaged in the business of IT and IT enabled services has posted a strong performance for the Quarter ended December 31st, 2006.

Speaking on the occasion, Mr.K.C.Gupta, MD & CEO - Triton Corp Ltd said "The improved performance has been the result of increased number of processes / clients from countries like UK, USA and Australia which have resulted in higher utilization of existing resources besides catering to higher value added services and also achieving better operational productivity and efficiency. We expect the trend to continue and hope to perform strongly in the coming times."

Financial Performance Q3 FY 07 Vs Q3 FY 06

The Total income of the company during the quarter showed an increase of 147% to Rs.154.26 million from Rs.62.56 million reported in the corresponding quarter ended December 31st, 2005

The Profit After Tax for the company has gone up to Rs.58.59 million against a loss of Rs. 3.96 million reported in the corresponding quarter ended December 31st, 2005.

The operating profit for the company during the quarter has gone up to Rs.70.25 million for the quarter of the previous.

The Profit before Tax in the quarter ended Dec 2006, has gone up to Rs. 58.65 million as against Rs.(1.72) million reported in the corresponding quarter ending 31st Dec 2005.

Financial Performance of Nine months FY 07 Vs FY 06

The Total income of the company during the nine months period ended Dec 31st 2006 showed an increase of 70% to Rs.350.79 million as against Rs.206.94 million reported for the corresponding nine months ended December 31st, 2005.

The Profit After Tax for the company has gone up by 555% to Rs.82.10 million as against Rs.12.52 million reported for the corresponding period last year.

The operating profit for the company during the period has gone up to Rs.112.77 million for the nine months period ending 31st Dec 2006, showing an increase of 176%. The Profit before Tax in the quarter ended Dec 2006, has gone up by 410 % to Rs.82.22 million as against Rs.14.92 million reported in the corresponding quarter ending 31st Dec 2005.

In January 2007 Triton Corp Ltd purchased 100% equity of Maple eSolutions Ltd from Haryana Fibres Ltd. Maple eSolutions Ltd is a Company in the similar line of business as that of the Company i.e. IT, ITES and BPO. It is currently running a 150 seater Call Centre at Noida (U.P.).

About Triton Corp:

Triton Corp. Limited is engaged in the business of IT and IT enabled services with Saffron Global an SBU. Saffron is running an ultramodern 850 seats call center built with state of art technology with full back up and redundancy measures.

Triton had earlier entered the BPO space with the acquisition of the international contact center-SAFFRON in the year 2005 through the process of amalgamation. It presently runs a 850-seater state-of-the-art BPO centre at Gurgaon.

It has recently completed its major expansion plan and added 450 seats. The call center is 100% EOU registered with STPI. The center is fully on its growth path. The shares of Triton Corp are listed with the Bombay stock exchange.

Ajit Parmar, Mutual PR, +91 9873378633 ajit@mutualpr.com

Sunil Singh, Mutual PR, +91 9899161154 sunil@mutualpr.com

Source: Triton Corp. Limited (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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