Subex Limited has announced its financial results for the third quarter ended December 31, 2012.
Revenues for the quarter stood at Rs 906 million, a 16 per cent quarter-on-quarter increase from Rs 780.4 million.
Revenues from its license and implementation segment accounted for 48 per cent of total revenues, while the managed services and support segment contributed 49 per cent and the services segment accounted for 3 per cent of the total revenues.
Operating profit for the quarter stood at Rs 227.6 million, compared to an operating loss of Rs 73.4 million. Forex gain for the quarter stood at Rs 35.2 million, compared to forex loss of Rs 114.9 million for the previous quarter.
Finance costs for the quarter stood at Rs 144.5 million, compared to Rs 131.4 million in previous quarter due to higher FCCB interest. Net profit for the quarter increased by 113 per cent and stood at Rs 76.8 million.
