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Press Releases : ASM technologies Ltd. 23rd January 2008 |
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ASM Technologies reports increase in operating profit by 20.26 % q-o-q for Q3 FY08 |
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Bangalore, India, 23rd January, 2008: ASM Technologies Ltd, a Software Development & Service provider today announced strong revenue and operating profit (EBITDA) growth for the third quarter ended 31st December, 2007. |
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The company recorded consolidated revenue of Rs. 169.68 million a 21.16% growth over the corresponding quarter of last financial year. The revenue for the nine months ended 31st December 2007 stood at Rs. 506.01 million a 27.22% growth compared to the same period last year. The consolidated Operating Profit (EBIDTA) for the quarter under review stood at Rs. 17.30 million an increase by 20.37% q-o-q while for the nine months ended 31st December 2007 the increase was 54.06% against the same period last year. The consolidated Net Profit for the nine months ended 31st December 2007 registered a growth of 36.73% against the same period last year. |
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The total revenue of the company for the quarter under review stood at Rs.95.26 million registering a growth of 18.15% q-o-q while the revenue for the nine months ended 31st December 2007 increased by 27.15% against the same period last year. The operating profit (EBIDTA) for the quarter under review stood at Rs. 14.77 million a 20.26% increase q-o-q. Net Profit of the company for the quarter under review stood at Rs.6.83 million a decrease by 26.52% to that of the same period last year while the Net Profit for the nine months ended 31st December 2007 stood at Rs. 27.12 million, a growth of 32.97% to that of the same period last year. Earnings Per Share stood at Rs. 5.42 for the nine months ended 31st December, 2007 up 32.84 % against the same period last year. |
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Highlights |
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During the quarter under review the company acquired Enterprise Software
Resources, a US based company, through its wholly owned subsidiary in
Singapore. |
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Revenues q-o-q up 18.15% and consolidated up 21.16%. |
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EBIDTA of the company showed considerable increase for the nine months ended
31st December, 2007 up 59.19% and consolidated up 54.06% against the same
period the previous year. |
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EPS of the company increased for the nine months ended 31st December, 2007, by
32.84% and 36.73% consolidated , compared with the corresponding period last
year. |
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Quarter ended December 31, 2007 |
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(Rs. in Lacs) |
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Consolidated Unaudited financial results |
Quarter Ended |
Nine Month Ended |
for the period ended 31st December 2007 |
31.12.2007 |
31.12.2006 |
31.12.2007 |
31.12.2006 |
Net sales / Income from operations |
1,683.43 |
1,398.79 |
5,044.92 |
3,973.49 |
Other Income |
13.41 |
1.65 |
15.26 |
4.16 |
Total Income |
1,696.84 |
1,400.44 |
5,060.18 |
3,977.65 |
% of Increase/Decrease in Revenue |
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21.16% |
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27.22% |
| Expenditure |
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| a. Employees Cost |
1,466.17 |
1,110.46 |
4,311.00 |
3,245.43 |
| b. Other Expenditure |
57.64 |
146.23 |
267.76 |
419.76 |
| c. Total |
1,523.81 |
1,256.69 |
4,578.76 |
3,665.19 |
| Earning Before Interest, Depreciation and Tax(EBIDTA) |
173.03 |
143.75 |
481.42 |
312.46 |
% of Increase/Decrease in EBIDTA |
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20.37% |
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54.07% |
| Interest |
28.57 |
24.21 |
82.04 |
62.10 |
| Profit (+) Loss (-) before depreciation and Tax |
144.46 |
119.54 |
399.38 |
250.36 |
| Depreciation |
9.39 |
10.09 |
25.72 |
28.97 |
| Profit (+) Loss (-) before Tax |
135.07 |
109.45 |
373.66 |
221.39 |
Tax Expense |
47.15 |
1.75 |
70.81 |
2.61 |
| Net Profit (+) Loss (-) before extraordinary item |
87.92 |
107.70 |
302.85 |
218.78 |
Extraordinary /non-recurring item |
- |
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3.72 |
- |
| Profit (+) Loss (-) for the year / period |
87.92 |
107.70 |
299.13 |
218.78 |
| % of Increase/Decrease in net profit |
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-18.37% |
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36.73% |
| Paid up equity capital (Rs. 10/- per share) |
500.00 |
500.00 |
500.00 |
500.00 |
| Reserves excluding revaluation reserves |
400.61 |
333.31 |
400.61 |
333.31 |
| EPS (not annualised) |
1.76 |
2.15 |
5.98 |
4.38 |
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About ASM Technologies |
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ASM Technologies Ltd is a Bangalore based publicly held company and a pioneer in Enterprise
Applications and Enterprise Product Development for Manufacturing, Retail, Oil & Gas verticals.
ASM has over 600 employees with operations in the US, APAC, UK and India serving Global
clientele and several Fortune 500 companies. ASM is certified in ISO 9001-2000 and SEI CMMI
Maturity Level 3 for its Development and Support Services. Visit www.asmltd.com to know more
about ASM. |
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For Further information, please contact : |
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P.N. Lakshmi
Company Secretary
ASM Technologies Ltd
+91 80 22274121
pnlakshmi@asmltd.com |
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