Lycos (formerly Ybrant Digital) has posted a turnover of ₹2,256 crore in the financial year 2015-16 against ₹1,957 crore last year. It reported a net profit of ₹405 crore (₹342.22 crore) in the year. The digital segment revenues grew by 21.8 per cent. The board agreed to give a dividend of 5 per cent. “We delivered a solid year, with 15 per cent top line growth and 22 per cent growth in digital segment alone,” Ramesh Reddy, Executive Director and group CFO, said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.