Four Soft hardens on new order win

Four Soft gained 1.09% to Rs 23.15 at 11:39 IST on BSE after the company said IAL group, a leading shipping and logistics organization, has selected its product 4S eTrans to support its multi-modal freight forwarding operations in India.

The company made this announcement during trading hours today, 25 March 2008.

The stock hit a high of Rs 23.75 and a low of Rs 22.25 so far during the day, which is a 52-week low. The stock had a 52-week high of Rs 70.40 on 23 April 2007.

The company’s current equity is Rs 19.48 crore. Face value per share is Rs 5.

Four Soft reported a net loss of Rs 0.37 crore in Q3 December 2007 as compared to net loss of Rs 0.13 crore in Q2 September 2007. Net sales declined 11.11% to Rs 8.72 crore in Q3 December 2007 over Q2 September 2007.

IAL is one of the largest shipping & logistics companies in the sub-continent and has a strong presence in Asia with its own office network. IAL group will utilize 4S eTrans for better visibility, real time information on the shipments, better reports and most importantly better billing cycle.

Four Soft is an enterprise solutions company that develops innovative software products, and provides information technology (IT) consultancy services for the logistics and supply chain management.