Asian CERC allots equity shares
Asian CERC allots equity shares Asian CERC Information Technology announced that Cochin Stock Exchange (CSEL) in pursuance to the demutualisation scheme approved by SEBI allotted 10,365 equity >shares of Rs 10 each to the company on Aug. 25, 2007, constituting 4.99% of the total paid-up equity share capital of CSEL. The company announced a phenomenal jump in net profit for the quarter ended June 2007. During the quarter, the company reported a 75.24% rise in profit to Rs 7.22 million from Rs 4.12 million in the same quarter last year. Net sales for the quarter rose 58.68% to Rs 41.32 million compared with the corresponding quarter a year ago. Shares of the company closed up Rs 1.80, or 1.04%, at Rs 175.50. The total volume of shares traded at the BSE was 8,507. (Wednesday)
