PRESS RELEASE
January 27th, 2010
CNI Research Ltd., the leading BSE listed research organization that specializes in Small & Mid-caps,
announces results for Q3 of 2009-2010
Turnover in Q3 at Rs.87.00 lakh is up by 224% over Q3 2008-09
Net profit of Q3 at Rs.76.84 lakh over the loss of 75.39 in Q3 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 31st December 2009.
The turnover for Q3 in 2009-2010 is Rs. 87.00 lakh over the loss of Rs. (70.05) lakh in Q3 2008-2009. The Operational income for Q3 in 2009-2010 was Rs.79.20 lakh up from Rs.28.82 lakh in 2008-09.
Net Profit was up to Rs.76.84 lakh in the same quarter Over the loss of Rs. (75.39) lakh in Q3, 2008-2009.
The earning per share was Rs. 0.12 in the quarter ended December 31, 2009.( increase in authorised share capital due to issue of bonus shares)
“The numbers indicate the maturing of the markets with the need for reliable information for small and mid caps increasing day by dayâ€, says Mr. Kishor P Ostwal, Managing Director, CNI Research Limited.
Commenting on the growth strategy, Mr.Ostwal said, “The benefits of the tie -ups that we entered into with the global distribution platforms to provide financial information and research to institutional investors have started to contribute. This will add further value to the investments of the various stakeholders".
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 / Vinita Dhawan
Finesse PR
Telephone: +91 11 43056200(30 Lines) Fax: + 91 11 43056202
[email protected] / [email protected]