Orient net profit doubles. - Views on News from Equitymaster

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Orient net profit doubles.

Apr 20, 2000

The company's activity wise segments are e-commerce-40%, Software Development-35%,Consulting-15%and ERP-10% for the current year.

(Rs m) FY1999 FY2000 Change
Sales 252 447 77%
Other Income - -  
Expenditure 191 325 70%
Operating Profit (EBDIT) 61 121 98%
Operating Profit Margin (%) 24.2% 27.1%  
Interest 4 4 0%
Depreciation 7 16 129%
Profit before Tax 50 101 102%
Other Adjustments - 2  
Tax - -  
Profit after Tax/(Loss) 50 99 98%
Net profit margin (%) 19.8% 22.1%  
Earnings per share 7.33 12.41  

Orient has acquired a 35% stake in CyberITMall.com India Private Limited. The company's activity wise segments are e-commerce-40%, Software Development-35%,Consulting-15%and ERP-10% for the current year. Its geographical revenue segments are USA-35%,UK-25%,Middle East-30% and the rest of the world 10%.

The company allotted 3.5 m shares at a price of Rs 120 per share worth Rs 420 m to FII's OCB's,etc. A dividend of 15% has been declared for the year. It has has provided accelerated depreciation. The company shares have been dematted.


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