ITI Limited has announced the financial result for the quarter ended December 2019. The company has said that its consolidated net profit increased from Rs 135.8 million during October-December 2018 to Rs 1.68 billion during October-December 2019.
Meanwhile, ITI Limited’s revenue from operations increased from Rs 5.63 billion during October-December 2018 to Rs 8.27 billion during October-December 2019, recording a rise of 47 per cent year on year (YoY).
As per ITI Limited, its net worth has become positive after a period of 16 years.
Going forward, the company will continue to take measures in the area of cost control over the coming quarters.