3i Infotech swings to loss in Q4

MUMBAI, May 17: 3i Infotech reported consolidated net loss of
Rs 293.81 crore for the quarter ended March 31, 2012, as compared to net profit of Rs 63.11 crore in the same period last year.
Total consolidated income has decreased by 45.71 percent to Rs 353.77 crore for the quarter ended March 31, 2012 from Rs 651.61 crore in the year ago period, a release said,
For the year ended March 31, 2012, the company has posted consolidated net loss of Rs 360.03 crore as compared to net profit
of Rs 252.51 crore for the year ended March 31, 2011.
Total consolidated income has decreased 34.58 percent from Rs 2569.76 crore for the year ended March 31, 2011 to Rs 1681.02 crore for the year ended March 31, 2012. (UNI)