Home Economy NIIT annual net profit up 44.1 percent

NIIT annual net profit up 44.1 percent


New Delhi : IT training and talent development company NIIT has reported a 44.1 percent increase in standalone net profit for 2008-09 despite a 17.8 percent fall in its fourth quarter earnings.

The company’s net profit for last fiscal stood at Rs.47.21 crore, up from Rs.32.77 crore in 2007-08, while the January-March quarter profit fell to Rs.23.14 crore from Rs.28.14 crore in the same period of 2008.

The consolidated earnings of NIIT during the year was down 7.8 percent to Rs.69.76 crore from Rs.75.65 crore in 2007-08.

The company board has recommended a dividend of Rs.1.30 for each equity share of Rs.2.