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123Greetings Ships 57,042 Orders In Q3-FY12; Rs 3.90 Cr Profit, Rs 23.72 Cr Income

For its third quarter of the 2011-2012 fiscal (Q3-FY12), ended 31st December 2011, Intrasoft Technologies, which owns and operates the e-greeting cards site 123greetings.com has reported a Consolidated Profit After Tax (PAT) of Rs 3.90 crore, up by 2% from Rs 2.96 crore for the same quarter last year. This is on an income (not including ‘Other Income’) of Rs 23.72 crore up by 57% from Rs 13.15 crore. These consolidated results include the results of the company’s wholly owned subsidiaries, 123Greetings.com, Inc(USA), 123Greetings Singapore and One Two Three Greetings(India). Remember that the quarter is typically the most important quarter of the year for the company– the festive season, with both the Indian (Diwali) and US (Christmas) festive period in the same quarter. 123Greetings primarily targets the US market. Operational Details - 123Greetings Store, the company’s online gifting e-commerce business shipped a total of…

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