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Zylog Systems declines as its Q4 net tumbles 94%

30 May 2013 Evaluate

Zylog Systems is currently trading at Rs. 48.90, down by 2.60 points or 5.05% from its previous closing of Rs. 51.50 on the BSE.

The scrip opened at Rs. 50.60 and has touched a high and low of Rs. 50.80 and Rs. 48.25 respectively. So far 43478 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 340.00 on 09-Jul-2012 and a 52 week low of Rs. 37.00 on 04-Feb-2013.

Last one week high and low of the scrip stood at Rs. 54.00 and Rs. 50.30 respectively. The current market cap of the company is Rs. 160.35 crore.

The promoters holding in the company stood at 20.62% while Institutions and Non-Institutions held 9.39% and 69.99% respectively.

Zylog Systems has reported results for the fourth quarter and year ended March 31, 2013.

The company has reported a fall of 93.76% in its net profit at Rs 2.77 crore in Q4FY13 as compared to Rs 44.39 crore in the same quarter previous year. Total income from operation of the company has decreased by 9.72% to Rs 356.79 crore as compared to Rs 395.19 crore in corresponding quarter last year.

For the year ended March 31, 2013, the company has registered 40.05% fall in its net profit at Rs 104.25 crore in FY13 as against Rs 173.89 crore in previous years. However, total income from operation of the company has increased to Rs 1532.62 crore as compared to Rs 1218.76 crore in FY12, up by 25.72%.

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