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E2E — E2E Networks News Story

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India's E2E Networks hits upper circuit after quarterly profit

BUZZ-India's E2E Networks hits upper circuit after quarterly profit

** Shares of India's E2E Networks EENE.NS rise 5% to 446.40 rupees, hitting exchange-mandated upper limit of trading band

** Cloud infrastructure provider reports consolidated net profit of 438.8 million rupees ($4.56 million) for first-quarter ended June 30, compared to loss of 28.4 million rupees, a year earlier

** Consolidated revenue from operations jumped over four-fold to 1.57 billion rupees

** More than 2.7 million shares change hands, 1.4x of 30-day average volume - LSEG compiled data

** Stock has more than doubled on YTD basis, up 124.2%



($1 = 96.2075 Indian rupees)


(Reporting by Payel Das in Bengaluru)

((Payel.das@thomsonreuters.com))

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