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WoNoBo parent Genesys International’s net profit jumps 81.59% to Rs 3.17 cr

Street-view portal WoNoBo’s parent company Genesys International Corporation has reported a net profit of Rs 3.17 crore for the quarter ended June 30,2015, a jump of 81.59% from Rs 1.74 crore from the same quarter last year. On a sequential basis, Genesys reported a net profit increase of 138.24% from Rs 1.33 crore in the preceding quarter. Net profit at the company was mainly boosted by other income at the company which stood at Rs 2.20 crore for the quarter compared to Rs 0.59 crore in the same quarter last year. Operational income, however, stood at Rs 13.28 crore, a decline of 16.19% from Rs 15.96 crore in the same quarter last year. On a quarterly basis, the operational income dipped by 5.67% from Rs 14.07 crore in the previous quarter. Genesys primarily works in the overseas market as a Geographical Information Systems (GIS) outsourcing company. It has worked for Microsoft’s search engine Bing and NAVTEQ. The company also works in areas like imagery acquisition, photogammetry, remote sensing, and data conversion among other things. Developments over the years The company had launched WoNoBo in October 2013 to enter into the consumer segment. WoNoBo offers a street view-like 3D view of cities on the web and through an Android app which was launched in April 2014. WoNoBo also added a property section in May 2014, allowing users to virtually navigate through streets and search for residential and commercial properties up for sale or rent. It also offers a street-view like 3D navigation within individual apartments and a 360 degree virtual preview of under-construction projects. In…

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