Press Release
October 31,2009
Scrip ID: CNIRESLTD
Scrip Code: 512018
CNI Research Limited, the leading provider of information on Small & Mid-caps, announces its half yearly results and approves a 1:1 bonus
Turnover in Q2 at Rs.82.68 lakh is up 653% over Q2 2008-09
Net profit of Q2 at Rs.75.32 lakh is up 1592.58% over Q2 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 September 2009.
CNI Research Ltd has also informed BSE that the Board of Directors of the Company at its meeting held on October 31, 2009, inter alia, has approved the issue of bonus shares to the shareholders in the ratio of 1:1 subject to approval of shareholders.
CNI Research Limited is a BSE Listed, Indian Research Company, analysing and providing Data, Research Reports and Financial Information about companies that are into the Small and Medium Cap category.
The turnover for Q2 in 2009-2010 was Rs. 82.68 lakh up from Rs. 10.98 lakh in Q2 2008-2009, marking a 653% rise in revenues. The Operational income for Q2 in 2009-2010 was Rs.39.04 lakh up from Rs.17.25 lakh in 2008-09.
In the half year ended 30.09.2009, the turnover for first half in 2009-2010 was Rs. 153.98 lakh up from Rs. 34.20 lakh in the half year of 2008-2009, marking a 350% rise in revenues. The Operational income for the half year in 2009-2010 was Rs.76.38 lakh up from Rs.39.77 lakh in 2008-09.
Net Profit was up to Rs.75.32 lakh in the same quarter as compared to Rs. 4.45 lakh in Q2 2008-2009, marking a 1592.58% rise in net profits.
The earning per share was Rs. 0.25 in the quarter ended Sept 30, 2009, up from Rs.0.02 in the quarter ended Sept 30, 2008.
“We are committed to creating share-holder value and the growing numbers indicate that we are on the right pathâ€, says Mr. Kishor P Ostwal, Managing Director, CNI Research Limited.
“The 1:1 bonus is a small gesture to reward the share-holders for having stayed with the company through the thick and the thin. We believe that we are only at the beginning of the growth curve and the horizon looks very promisingâ€, adds Mr. Ostwal.
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 source of 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.
CNI has become the preferred partner of several leading content companies across the globe for authentic and reliable content related to Indian small & mid caps as well as the Indian markets at large. It has several tie-ups with companies like Dow Jones Factiva, Thomson Reuters and TheMarkets.com for content sharing.
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.chamatcar.com .
For more information, please contact:
Sunil Kumar Singh / Nidhi Gupta
Finesse PR
+91-11-43056200 (30 lines)
[email protected] / [email protected]