MRO-TEK Ltd, a leading provider of product-based solutions to access every network, announced that, for the year ended 31st March, 2008, the revenues stood at Rs. 139.5 crores with PBT at Rs. 21.5 crores & PAT at Rs 15.6 crores, compared to the revenues for the year ended 31st March, 2007 which stood at Rs. 115.5 crores with PBT of Rs. 14.8 crores and PAT of 10.5 crores.
Bangalore, Karnataka, India, June 10, 2008 (XTVWorld.Com) -- "The past year has been rewarding for MRO-TEK. Our focused efforts to design and develop products in-house have been fruitful. In India, we see a huge market evolving in the last mile broadband access segment with the internet moving into web 2.0 maturity. We see information, communication and entertainment flowing seamlessly in and out of households in the near future through our devices." said Mr. Narayanan, Chairman and Managing Director, MRO-TEK Ltd.
"Higher revenue and profits during the year, provide us adequate scope for a final dividend of 40% (Re 2 per share), in addition to the Interim dividend of 20% (Re 1 per share) disbursed in February 2008, thereby aggregating to a total dividend of 60% for the year, amounting to Rs 3 per share (of face value Rs 5 each)." added Mr. Narayanan.
Highlights of Year ('07-'08)
* R&D activities have shown good progress. MRO-TEK introduced Last Mile Infrastructure Architecture for delivering 'Triple Play' service in India.
* MRO-TEK observed good traction for broad band internet access products
* The company collaborates with Foundry Networks USA for layer 2/3 switches
* MRO-TEK made shipments of media converters to NTT PC of Japan
About MRO-TEK:
MRO-TEK core values have remained unchanged since its inception in 1984. Steadfast focus on Access Networking, alliance with the global best, thrust on R&D, and customized solutions leveraged on local manufacturing has been key factors. The company started with Line Drivers and Modems. MRO-TEK is now committed to develop global products for last mile access and has invested over Rs. 10 crores on its R&D initiatives. Today the company employs over 200 people of which over 70 engineers strive to develop indigenous R&D products. MRO-TEK is listed on BSE and NSE. www.mro-tek.com
Contact:
Cerin Pathrose,
Equator Communications,
cerin @ equatorpr.com,
+91-98867-22101
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