• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Chennai, May 30

Sify Technologies reported reduced net profit of $0.12 million for fiscal ending March 31, 2008, compared with $6.25 million in the previous fiscal. Net profit included one-time benefit of $3.1 million on account of a change in the depreciation policy. Net profit was under pressure due to lower margins and notional loss incurred on account of the strong rupee against dollar, the according to a company press release. Sify, a Nasdaq-listed consumer Internet and enterprise se rvices provider in India, ended the fiscal with revenues of $150.59 million, an 11 per cent higher than the previous year. Mr Raju Vegesna, CEO and Managing Director, Sify, said preparations are underway for the re-launch of the company’s chain of retail outlets offering online services with a new brand name, and also broadband services. The portal will follow towards the middle of this financial year.

– Our Bureau

More Stories on : Financial Performance | ISPs

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Intel in talks with Indian cos for investing in WiMax services

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line