{"id":34264,"date":"2024-02-14T08:57:49","date_gmt":"2024-02-14T03:27:49","guid":{"rendered":"https:\/\/newswiredelhi.com\/index.php\/2024\/02\/14\/spacenet-reports-486-surge-on-pat-year-on-year-basis-2\/"},"modified":"2024-02-14T08:57:49","modified_gmt":"2024-02-14T03:27:49","slug":"spacenet-reports-486-surge-on-pat-year-on-year-basis-2","status":"publish","type":"post","link":"https:\/\/newswiredelhi.com\/index.php\/2024\/02\/14\/spacenet-reports-486-surge-on-pat-year-on-year-basis-2\/","title":{"rendered":"Spacenet reports 486% surge on PAT year-on-year basis"},"content":{"rendered":"<p><img decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/primexnewsnetwork.com\/wp-content\/uploads\/2024\/02\/Spacenet.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" loading=\"lazy\" \/><\/p>\n<div>\n<p><strong>Hyderabad (Andhra Pradesh) [India], February 14:<\/strong> Hyderabad based <a href=\"https:\/\/www.spacenetent.com\/\" target=\"_blank\" rel=\"noopener\">Spacenet Enterprises India<\/a> Limited (NSE: SPCENET), a prominent global trading entity with substantial operations in Hong Kong and Dubai, has reported an exceptional 486% increase in its consolidated profit after tax (PAT) on an annual basis.<\/p>\n<p>This significant growth highlights Spacenet\u2019s focused strategy on diversifying its investment portfolio by incorporating stakes in pioneering, disruptive technology enterprises.<\/p>\n<p>Among its key investments are Billmart.com, a fintech innovator offering state-of-the-art financial technology solutions, Pathfinder, a leading generative AI company, and String Metaverse Limited, a forefront runner in the Web 3.0 gaming industry.<\/p>\n<p>In a strategic initiative to strengthen its foothold in the fintech domain, Spacenet announced plans to escalate its investment in Billmart.com, a Mumbai-based fintech start up, demonstrating its commitment to nurturing and scaling innovative technology ventures.<\/p>\n<p>DVS Prakash Rao, Executive Director at Spacenet, articulated the corporation\u2019s mission stating, \u201cOur objective at Spacenet is to continuously identify and invest in ground breaking, new-age companies, and thereby consistently amplifying value for our shareholders.\u201d This approach underscores Spacenet\u2019s dedication to spearheading the adoption of disruptive technologies and fostering growth in the evolving digital landscape.<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hyderabad (Andhra Pradesh) [India], February 14: Hyderabad based Spacenet Enterprises India Limited (NSE: SPCENET), a prominent global trading entity with substantial operations in Hong Kong and Dubai, has reported an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34265,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":185},"categories":[9],"tags":[674],"class_list":["post-34264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pressrelease","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/34264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=34264"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/34264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/34265"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=34264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=34264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=34264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}