Lycos posts ₹405-cr profit

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.