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| Kale Q2 Revenues up 12%, PAT up 55%
IATA’s Simplified Interline Settlement project for the airline industry - A leading European carrier has chosen Kale’s flagship PRA solution REVERA® as a hosted platform - A leading South East Asian airline has selected REVERA® as a licensed solution, to be deployed in-house - One of India’s largest shipping companies selects Kale’s suite of logistics solutions | |||
| 22 Oct 2009
, Mumbai
: Kale Consultants, the leading solutions provider to the Airline, Logistics and Travel (ALT) industry, has recorded operating revenues of Rs. 293.13 mn for the second quarter ended September 30, 2009, as compared to Rs. 262.06 mn for the corresponding quarter of previous year, a growth of 12%. The PAT stood at Rs. 41.34 mn as compared to Rs. 26.63 mn for the corresponding quarter of previous year a growth of 55%. Consolidated total income for the second quarter ended September 30, 2009 stood at Rs. 405.23 mn as compared to Rs. 369.44 mn for the corresponding quarter of the previous year. The consolidated PAT stood at Rs. 85.68 mn as compared to Rs. 40.84 mn for the corresponding quarter of the previous year. Commenting on the performance, Mr. Vipul Jain, CEO and Managing Director said “We have sustained our steady growth with a continued focus on productivity and concerted efforts at enhancing customer relationships. The IATA SIS development project is a definite boost to our leadership in the airline solutions market. The logistics and travel business segments are also gaining ground. With the global economic environment looking up, we are positive about the coming quarters.” Kale was recently awarded the “Emerging IT Solutions Provider in the Logistics Industry” at the Express, Logistics & Supply Chain (ELSC) Conclave 2009. The award was given as recognition for Kale’s contribution to the logistics industry over the last two years. “We are very excited by the opportunity to make a difference to the logistics industry. This award will motivate us to work harder and faster to meet expectations” said Sumeet Nadkar, CFO & Head - Logistics & Travel SBU. Kale recently launched RAINBOW™, a comprehensive management solution, at the Travel Agents Association of India (TAAI) Convention in Dubai. “Corporate travel management is facing challenging times and requires new ways to deliver service and ‘wow’ their customers. This is what RAINBOW™ delivers.” said Mr. Vineet Malhotra, Head – Marketing. Kale’s suite of solutions are available in licensed, hosted and outsourced deployment models. Kale’s innovative pay-for-use hosted platform model is beneficial for customers since it reduces upfront investments. The return on investment on the pay for use model is quite fast since the business benefits of the solution pays for itself. Kale also offers a transaction based pricing that is tailored to the clients’ business. Similarly, Kale’s audit and revenue recovery services helps airlines recover lost revenue. The recovery is a direct addition to airlines profitability and helps customers identify gaps and plug revenue leakages. Thus Kale’s solutions reduce capital expenditure and offer flexible pricing models, thereby sharing risks and rewards. Investor Relations: Kale Consultants Limited is committed to create long-term sustainable shareholder value through successful implementation of its growth plans. The company’s investor relations mission is to maintain an ongoing awareness of its performance among shareholders and financial community. |
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