Aftek Q4 Net Profit up 18.38%, Annual Net Profit up by 27.12%
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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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Aftek Q3 net profit up 23%
Mumbai, January 19, 2007: Aftek Limited, (formerly known as 'Aftek Infosys Limited') today reported a 29.2% rise in net sales for the quarter ending December 31, 2006 over the corresponding quarter last year. Net sales were Rs. 82.47 crores as against Rs. 63.83 crore for the corresponding quarter for the last year.
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