Reserve bank of India has given its
nod to the Non Resident Indians (NRIs) and Person of Indian Origin
(PIOs) for purchasing equity shares of FourSoft: Quote (Q), News
(N), Chart (C), and Financials (F) under Portfolio
Investment Scheme (PIS) through
the secondary market in India. It is done to provide a boost to
the company’s funds as the holdings by NRIs and PIOs in
the company have slipped down to an alarming extent.
However, higher sales volume for the quarter ended on 31 December
2006 helped the company to hit the profit of Rs. 1.52 million,
against the loss of Rs. 9.3 million a year ago.
There has been a mark rise in net sales of the company, which
grew 2.97 times to Rs 114.96 million as compared to the sales
in the past corresponding quarter.
Likewise, the operating margins of the company are also pushed
to 1.49% during the quarter, a rise of 3634.27 basis points in
comparison to the corresponding quarter. Contrary to this,
the net margins have fallen from 20.74% to 1.31% during the quarter.
The company is gaining a profit of Rs. 3.48 per share on a trailing
twelve month basis.
The company’s shares closed lower by 0.62% or Rs 0.40 at
Rs 63.70 today. The volume of shares traded on the BSE was around
61,130 shares.
