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148

Driven by business consolidation NettLinx registers increased PAT for Q3

Hyderabad, February 15th 2017: Hyderabad based Internet services provider Nettlinx Limited, today declared its financial results for the third quarter that ended on December 31st, 2016. The company reported a Profit after tax of Rs 1.44 crore for Q3FY17, 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. Nettlinx recently forayed into the highly lucrative European market by acquiring 95% stake in Berlin-based business management company, Salion SE (Germany).

Commenting on the financial results, Rohith Loka Reddy, Managing Director, NettLinx Limited said, “NettLinx is passing through its most exciting phase. 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 31st 2016 stood at Rs.448.53 Lakhs, as compared to Rs.586.86 Lakhs in the same 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.

About Nettlinx Limited:
Nettlinx is an internet infrastructure initiative of the Nettlinx Group. The genesis of the company has began with its ISP (Internet services provider) operations in 1999. Nettlinx is headquartered in Hyderabad with presence in over 93 locations in Telangana and Andhra Pradesh. It is a leading Class-B ISP operator in both the Telugu states for the past 17 years.

Nettlinx is now the leading choice for state-of-the-art services such as cable and wireless Internet access, web design, portal development; web hosting, server co-location, network management & e-commerce services. Nettlinx connectivity services have been fulfilling the need to run applications like live video streaming, mailing and web services across multi-location enterprises in various segments like print and electronic media, financial institutions, Educational Centers, manufacturing units, healthcare & hospitality industry and several other SMEs.

Disclaimer:
This press release contains “forward- looking statements” that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial, software and Real Estate industry, from future integration of businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different from those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.  
 
 

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