Simplex Infrastructure net up 29 per cent

KOLKATA: Simplex Infrastructure Ltd has registered a 29 per cent rise in net profit at Rs 54 crore in the financial year 2006-07 as compared to Rs 42 crore in the same period previous fiscal.

The company's net sales grew by 27 per cent at Rs 1,711 crore from Rs 1,345 crore in 2005-06.

The results showed that the company was well on its way to achieve its objective of sustainable and robust growth, both domestically and internationally, Simplex Infrastructure Chairman and Managing Director B D Mundra said.

"It has recently been awarded long term oil drilling contract by Oil India. With this, Simplex is now poised to take advantage of this rapidly growing segment," Mundra added.