 "MakeMyTrip Q4 net income up at $2.95 mn")
New Delhi: Online travel firm MakeMyTrip Ltd today posted a near three-fold increase in its net income for the fourth quarter ended 31 March 2012 at $2.95 million, compared to the corresponding period last fiscal.
In the quarter ended 31 March 2011, the company had net income of $1.07 million, it said in a statement.[caption id=“attachment_320430” align=“alignleft” width=“380” caption=“Making money. Image courtesy makemytrip”]
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The Nasdaq-listed firm’s total income also rose 49.6 percent during the quarter to $46.95 million, as against $31.37 million.
“MakeMyTrip delivered strong financial results in the fourth fiscal quarter and full year despite a challenging operating environment,” MakeMyTrip chairman and CEO Deep Kalra said.
In the year ended 31 March 2012, the firm’s net income rose 76.4 percent to $9 million compared to 5.1 million in the previous year.
Its sales increased 57.5 percent to $196.6 million in FY12, against $124.8 million in FY11.
PTI