Brief Highlights for the quarter: - Closure of buyback offer - Bangkok Airways selects Kale's Decision Support Service - EverestAir - Consolidated EPS for the quarter stood at 5.56 per share -- Kale Consultants Limited, an Accelya group company and a leading solutions provider to the Airline and Travel industry, has recorded consolidated revenues of Rs. 511.46 million for the quarter ended March 31, 2012 compared to Rs. 485.79 million in the corresponding period last year. Consolidated PAT stood at Rs. 87.42 million compared to Rs. 50.16 million in the corresponding period.
Commenting on the performance, Mr. Vipul Jain, CEO and Managing Director said "Our goal is steady revenue growth supported by annuity contracts. We have also focused on improving operational efficiencies and will continue to do so."
Kale had announced a share buyback offer on February 2, 2012. The buyback was closed on May 2, 2012, after utilizing Rs. 129.73 million (99.99%) of the amount authorized for the Buyback. Post buyback, the promoters (Accelya Holding World S.L.) now hold 74.66% of the outstanding equity in Kale Consultants Ltd.
Kale Consultants provides comprehensive financial and business intelligence solutions to the airline and travel industry. Kale's solutions are available as hosted and outsourced in pay-per-use models. These innovative models are beneficial for customers since they reduce upfront capital investments. Customers enjoy a faster return on investment from the pay-per-use model as the business benefits of the solution pays for itself. Kale thereby partners with customers in sharing risks and rewards.
Source: Press release distribution via India PRwire
Notes to Editor
About Kale Consultants Limited:
Kale Consultants Limited, part of the Accelya Group, is a leading solutions provider to the global Airline and Travel industry. Committed to innovation and excellence, Kale delivers world-class solutions, managed process, hosting and consulting services. Kale employs over 1400 talented professionals who focus on delivering quality service to over 100 satisfied customers across 30 countries.
Kale's Industry Solutions are driven by active partnerships with industry bodies and customers, and unparalleled domain knowledge. Kale's Customised Approach in deploying these solutions supports clients with best fit solutions to match to their requirements.
Visit us at www.kaleconsultants.com
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.
For more information, please contact:Harshita Singh (Associate Account Executive) (M) 9930220028