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Our Bureau

Hyderabad , April 20

INFOTECH Enterprises Ltd has registered significant growth in both turnover and profit for the fiscal 2004-05.

The net profit after tax (PAT) rose to Rs 27.38 crore, up 203.8 per cent from Rs 9.01 crore in the previous fiscal.

For the last quarter of the fiscal, the company earned a net profit of Rs 8.92 crore, a massive jump of 334.9 per cent from Rs 2.05 crore in the previous corresponding period. As for revenues, the company recorded Rs 65.17 crore (Rs 55.38 crore), a jump of 17.7 per cent.

The overall turnover increased by 37.2 per cent to reach Rs 257.13 crore compared to Rs 187.47 crore in the previous corresponding year, according to the audited financial results announced today.

The Infotech board, which met here to take on record the financial results, has recommended a dividend of Rs 1.50 per share (15 per cent). The diluted EPS for the year stood at Rs 18.53 per share.

The Chairman and Managing Director, Mr B.V.R. Mohan Reddy, said a combination of strategic moves helped the company deliver greater value to the global customers and shareholders.

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