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Global Tele-systems reports 18% growth in sales - Views on News from Equitymaster
Global Tele-systems has reported an 18% growth in sales. Operating margins excluding other income has grown to 30%. While interest has remained the same, the depreciation has gone up substantially because the company has in the current accounting year provided for additional depreciation of Rs Rs.55 m. The net profit has however improved by over 53%.
(Rs m)
3QFY2000
3QFY1999
Change
Net Sales
1,602.2
1,358.7
17.9%
Other Income
19.1
4.9
292.6%
Expenditure
1,089.3
1,011.9
7.7%
Interest
94.4
91.1
3.6%
Depreciation
145.4
41.8
247.4%
Profit before Tax
284.9
218.7
30.3%
Tax
15.0
42.5
-64.7%
Profit after Tax
269.9
176.2
53.2%
Net profit margin
16.8%
13.0%
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