Aurionpro announces first Half Results

Financial Performance:

• Consolidated revenue for the Half year is Rs.4281 lacs and for the Quarter is 3304 lacs. Compared with first half 0506 (Rs.929 lacs). this represents an annualized growth rate of 36O%.
• Consolidated Net Profit for the Half year is Rs.705 lacs and for the Quarter is Rs.436 lacs. Compared with first half 0506 (Rs.270 lacs), this represents an annualized growth rate of 161%.
• As a result the EPS for the Half Year is Rs.6.52 compared to 6.58 for the full year ended 31st March 2006.

The above result for the Quarter includes company’s standalone performance for the Quarter and six months performance for SPS Corporation, since we completed the acquisition SPS during this Quarter effective from 1 April, 2006. For better insight, had we considered the revenues & Profits from SPS for the corresponding periods, the revenue & Profit for Q1 06-07 would have been Rs.1962 lacs & Rs.318 lacs. And the revenue & Net Profit for Q2 0607 would have been 2297 lacs & Rs.387 lacs representing sequential Q to Q growth of 17% and 22% respectively.

Future Outlook

The Company has continued its business growth trajectory as per plans. During the Quarter the company also completed the acquisitIon of SPS Corporation and Coban Corporation in the U.S. This now brings the U.S. business to constitute over 50% of the company’s business. With the integration of the business, the company’s total strength in terms of people has also moved to over 500.

Going forward, the company expects to leverage the enhanced strengths and continue the growth momentum through the year.

Source : Equity Bulls

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