AFTEK continues healthy revenue growth. Year-to-year Net Sales up by 13.93%
BSE: 530707, NSE: AFTEK, Reuters: AFTEK.BO
Mumbai, July 30, 2007: Aftek Limited today declared its results for the quarter ended 30th June 2007, displaying healthy, top-line growth in tough business environment despite dramatical Rupee appreciation.
Performance Snapshot:
Total revenue for the Q1 FY 2007-08 was Rs. 86.88 crores.
Net Sales for Q1 FY 2007-08 were Rs. 86.60 crores.
Net profit for the Q1 FY 2007-08 was Rs. 23.12 crores.
EPS (basic) for the Q1 FY 2007-08 was Rs. 2.65. (Face Value Rs.2/-)
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Aftek Q4 Net Profit up 18.38%, Annual Net Profit up by 27.12%
BSE 530707 NSE AFTEK Reuters AFTK.BO
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).
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Aftek's VoIP-GSM Gateway gets CE Marking
Mumbai, March 29, 2007: "VoIP-GSM Gateway" - a product developed in-house by Aftek Ltd. for a European customer, has won the much coveted CE marking. CE marking has become a mandatory requirement for the electronic devices to be sold in Europe. CE conformance guarantees the safety, electromagnetic interference limits and electromagnetic compatibility of the electronic products. It boosts the salability of this device in the European segment.
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Aftek's 100% subsidiary-Arexera AG enters into a strategic tie-up with BDT AG
Mumbai, March 22, 2007: Arexera Information Technologies AG ('Arexera') - a wholly owned subsidiary of Aftek Ltd. has entered into a strategic tie up with BDT AG, of Germany, world leaders in data storage systems.
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Aftek ESG announce intention to form a Joint Venture
Mumbai, March 1, 2007: Aftek Ltd and major European software and systems company ESG Electroniksystem-und Logistik GmbH today announced their intention to form a joint venture to exploit opportunities in Europe and India.
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