PRESS RELEASE
July 30, 2009
CNI Research Ltd., the leading BSE listed research organization that specializes in Small & Mid-caps,
announces results for Q1 of 2009-2010
Turnover in Q1 at Rs.71.29 lakh is up 208% over Q1 2008-09
Net profit of Q1 at Rs.63.98 lakh is up 315% over Q1 2008-09
CNI Research Ltd., the leading BSE listed research organization that specializes in Small & Mid-caps, announced its unaudited financial results for the quarter ended 30th June 2009.
The turnover for Q1 in 2009-2010 was Rs. 71.29 lakh up from Rs. 23.12 lakh in Q1 2008-2009, marking a 208% rise in revenues. The Operational income for Q1 in 2009-2010 was Rs.33.33 lakh up from Rs.22.50 lakh in 2008-09.
Net Profit was up to Rs. 63.98 lakh in the same quarter as compared to Rs. 15.41 lakh in Q1 2008-2009, marking a 315% rise in net profits.
The earning per share was Rs. 0.21 in the quarter ended June 30, 2009, up from Rs.0.05 in the quarter ended June 30, 2008.
“The numbers indicate the maturing of the markets with the need for reliable information for small and mid caps increasing day by day”, says Mr. Kishor P Ostwal, Managing Director, CNI Research Limited.
Commenting on the growth strategy he said, “We have entered into tie-ups with global distribution platforms to provide financial information and research to institutional investors, through which we will position the Indian small and mid caps worldwide. The monetary benefits of these alliances will start accruing to the company shortly”.
About CNI
CNI Research Limited is a BSE Listed, leading Indian Research Company analysing and providing Data, Research Reports and Financial Information about Companies that are into the Small and Medium Cap category. CNI today has more than 40,000 subscribers from the retail Investors who rely on CNI for authentic and reliable information on Capital Markets to make their investment decisions. This information is provided to them online through their Financial Portal www.chamatkar.com .
CNI Research operates in the highly fragmented SME segment where information is hard to come by. Most of the research in India is done on large companies while there exists, practically no reliable information on smaller companies. CNI established in 2000 has successfully stepped into this void and established itself as a serious research house that sources hard to find data from these enterprises and does in-house research to come up with reports that are reliable and often predict the future happenings.
For more information, please contact:
Sunil Kumar Singh
Finesse PR
Telephone: +91 11 43056200(30 Lines) Fax: + 91 11 43056202
[email protected]
