Infomedia 2006-07 consolidated net profit up +117% v/s last year'

Infomedia 2006-07 consolidated net profit up +117% v/s last year'

New Delhi, Delhi, IND, 2007-04-27 15:33:54 (IndiaPRwire.com)
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Highlights (consolidated operations) – 2006-07 v/s 2005-06

  • Total Revenue up +55% to Rs. 201 crores from Rs. 131 crores in 2005-06
  • EBITDA up +83% to Rs. 357 million from Rs. 195 million in 2005-06
  • Profit before tax up +132% to Rs. 219 million from Rs. 95 million in 2005-06
  • Profit after tax up +117% to Rs. 154 million from Rs. 71 million in 2005-06
  • 26% growth in operating revenue from core publishing business during Q4 (19% growth achieved during 2006-07)

Analysis

  • Standalone operating revenue for Infomedia India Limited grew from INR 360 million to INR 439 million (+22%) in the quarter ended March 2007 as compared to the corresponsing quarter in 2005-06. The operating revenue for the year grew from INR 1,206 million in 2005-06 to INR 1,433 million (+19%) in 2006-07.
  • Consolidated operating revenue grew from INR 406 million to INR 594 million (+46%). Consolidated operating revenue for the year grew from INR 1,253 million in 2005-06 to INR 1,944 million (+55%) in 2006-07.
  • Share of Publishing BPO business in operating revenue increased to 26% in 2006-07 from 4% in 2005-06.
  • Consolidated EBITDA grew from INR 50 million to INR 108 million (+114%) in the quarter ended March 2007 as compared to the corresponsing quarter in 2005-06. Consolidated EBITDA for the year grew from INR 195 million in 2005-06 to INR 357 million (+83%) in 2006-07.

Commenting on the results, Mr. Prakash Iyer, Managing Director, Infomedia India Limited, stated that a focused approach to business mix, increase in contribution from the Publishing Outsourcing segment achieve profitable growth in the future and consolidate its leadership position in the Publishing and Publishing Outsourcing segments.and improved operational efficiencies have driven revenue growth and operating margins.

Outlook

The Company is focusing on developing its publishing business into a prime growth engine. Leveraging strategic partnerships with global partners and extending its products to innovative media channels, Infomedia is constantly working towards maintaining its leadership position in the Directories segment as well as Special Interest Magazine publishing.

Being the market leader in India’s publishing industry, Infomedia’s competencies blend effectively with the huge potential offered by the Publishing Outsourcing segment. The company will continue to consolidate its position in the Publishing BPO landscape having entered this space in December 2005 through the acquisition of Cepha Imaging in Bangalore and Keyword Group Limited in the United Kingdom. In April 2006, Infomedia acquired International Typesetting and Composition (ITC), operating through its two legal entities, a front-end called Software Services, LC, a limited liability company based in Florida, USA and back-end operations at American Devices India Private Limited, based out of Noida, India.

Together, these acquisitions provide Infomedia with an excellent platform for growth. Apart from customer interface in the 2 major markets in the world, the UK and the US, these acquisitions have also provided the company a clientele spanning several of the finest book publishers across the world.

- End -

Contact details

Our financial results, including our annual reports and Clause 41 submissions, can be accessed at our website, www.infomediaindia.com. Should you need any specific information about the company and its operations, you may contact:

Jayaraman Shashidhar,
Chief Financial Officer,
Infomedia India Limited
Ruby House 'A' Wing, J K Sawant Marg,
Dadar (W), Mumbai - 400 028
Telephone: +91 - 22 - 2423 2323
Fax: +91 - 22 - 2430 2707
Email: ho@infomediaindia.com
Web: www.infomediaindia.com

Yug Samrat,
Company Secretary,
Infomedia India Limited
Ruby House 'A' Wing, J K Sawant Marg,
Dadar (W), Mumbai - 400 028
Telephone: +91 - 22 - 2423 2323
Fax: +91 - 22 - 2430 2707
Email: ho@infomediaindia.com
Web: www.infomediaindia.com

Disclaimer

Infomedia India Limited endeavors to ensure that the data and other material in this section are correct and complete, but does not accept liability for any error made or omission from this section. Infomedia India Limited shall not be liable for any claims or losses of any nature, arising indirectly or directly from use of the data or material on this section or unauthorized access to this section or otherwise howsoever arising (except to the extent required by law).

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