Kale Q3 Revenues Up 26%; Net Profit Up 79%
Kale Consultants has recorded revenues of Rs. 251.27 mn for the quarter ended December 31, 2008, as compared to Rs. 199.87 mn for the corresponding quarter of the previous year, a growth of 26%. The PAT stood at Rs. 14.79 mn as compared to Rs. 8.26 mn for the corresponding quarter of previous year a growth of 79%.
Consolidated total income for the quarter ended December 31, 2008 stood at Rs. 368.66 mn as compared to Rs. 286.78 mn for the corresponding quarter of the previous year, a growth of 29%. The consolidated PAT stood at Rs. 38.14 mn as compared to Rs. 16.08 mn for the corresponding quarter of the previous year.
The consolidated revenue for nine months ended December 31, 2008, is Rs. 1067.75 million compared to Rs. 882.93 million for the corresponding period last year, a growth of 21%.
Kale Consultants provides comprehensive revenue accounting and cargo solutions to airline industry. For the logistics industry Kale provides solutions to the entire value chain including, carriers, shippers, airports, freight forwarders and container freight stations. Solutions for the travel industry include an end-to-end platform for travel operators.
Kale's solutions are also available as pay-for-use hosted platforms. This 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.
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