Aftek Q4 Net Profit up 18.38%, Annual Net Profit up by 27.12%

Mumbai, April 30, 2007: Aftek Limited, (formerly called Aftek Infosys Limited) today reported a 19.80% rise in net sales for the fourth quarter ending March 31, 2007 over the corresponding quarter of last year. Net sales were Rs. 86.18 crore as against Rs. 71.94 crore for the corresponding quarter for the last year.

Staff Cost for the quarter was Rs. 3.88 crore (Rs. 3.35 crore), Software Development Expenses Rs. 49.00 crore (Rs. 40.18 crore), and Other Expenditure was Rs. 4.15 crore (Rs. 2.25 crore). Earnings before Interest, Taxation, Depreciation and Amortization (EBIDTA) were Rs. 29.96 crore (Rs. 26.62 crore).

After Depreciation of Rs.3.74 crore (Rs.4.34 crore) and nil interest, Profit Before Tax was Rs.26.21 crore (Rs.22.28 crore). After keeping a provision for taxation at Rs.21.41 Lakhs (Rs.31.78 Lakhs). Aftek has posted a net profit of Rs.26 crore (Rs.21.96 crore), an increase of 18.38%.

Aftek Ltd has posted a 4.51% growth in the fourth quarter as compared to the third quarter of the current financial year showing sustained growth and profitability.

Aftek has posted net sale of Rs.323.38 crores for the financial year ending March 31, 2007 (12 months) vis-a-vis Rs.250.88 crores for the period April 2005 - March 2006 (12 months), a rise of 27.49%. The net profit rose by 27.12% at Rs.98.03 crores for the financial year ended March 2007 vis-a-vis Rs.77.12 crores for the period April 2005 - March 2006, a rise of 27.12%.

Source : Equity Bulls

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