Net Profit rate goes down at Ace Integrated Solutions

Ace Integrated Solutions announced the audited financial result for the period that ended on March 31, 2019.

Company : Ace Integrated Solutions Limited

Ace Integrated Solutions Limited published the standalone financial result of the company for the year that ended on 31st March, 2019. The revenue of the company stood by Rs.595.08 Lac for the year that ended on 31st March, 2019.

Ace Integrated Solutions Limited earned revenue of Rs.405.23 Lac by the six months that ended on 30.9.2018 and Rs.189.85 Lac by the quarter that ended on 31st March, 2019. In the same quarter previous year, the company earned revenue of Rs.2245.97 Lac. Revenue decreased by Rs.2056.12 Lac.

The revenue of the company was Rs.595.08 Lac by the end of 31.3.2019 and Rs.2613.85 Lac by the end of 31.3.2018. The company achieved Rs.2018.77 Lac more revenue by the end of 31st March 2018 compared to the end of 2019 financial year.

Ace Integrated Solutions Limited has reportedly made a before tax profit of Rs.70.90 Lac by the end of 30.9.2018 and loss of Rs.11.49 Lac by the end of 31st March, 2019 quarter. The company made a before tax profit of Rs.59.41 Lac by 31st March, 2019 and profit of Rs.225.22 Lac was made by 31st March, 2018. The before tax profit saw a fall of Rs.165.81 Lac by the end of 2019 compared to the financial year of 2018.

The company has loss of Rs.17.68 Lac by the quarter end of 31st March, 2019 and profit of Rs.53.68 Lac by the half year end on 30.9.2018. The net profit of the company stood at Rs.36 Lac on 31.3.2019 as compared to profit of Rs.162.81 Lac by the end of 31st March, 2018. Net profit decreased of Rs.126.81 Lac in financial year of 2019.