Financial Daily from THE HINDU group of publications
Saturday, Aug 02, 2003
Financial Daily from THE HINDU group of publications Saturday, Aug 02, 2003 |
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Corporate Results
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Software Info-Tech - Financial Performance Ramco Systems posts Rs 15 crore net loss Our Bureau
Chennai , Aug. 1 THE Chennai-based Ramco Systems has reported increased net loss of Rs 15.01 crore on revenues of Rs 16.67 crore for the quarter ended June 30, 2003 compared to net loss of Rs 8.16 crore on revenues of Rs 17.37 crore for the corresponding quarter last year. Total expenditure during June 2003 increased to Rs 25.19 crore (Rs 20.65 crore). For the year ending March 31, 2003, the company reported a net loss of Rs 27.31 crore on revenues of Rs 84.98 crore. The global revenues for Ramco including revenues from subsidiaries in the US, Switzerland, Singapore and Malaysia and branches in the UK and Germany during the June 2003 quarter was $7.51 million, a 13 per cent growth compared to the same period last year, says a company release.
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