Prism Informatics Limited - Third Quarter Results Financial Year 2010-11
Prism Informatics Limited, (BSE: 505530) announces its Unaudited Third Quarter and Nine Months results for Financial Year 2010-11.
- (1888PressRelease) February 18, 2011 - "Prism continues to perform well in all established segments and geographies in Q3 FY 2010-11. In this quarter, Prism expanded its footprint in the Middle East Market with the 51% acquisition of Information Management Technologies (IMT), a subsidiary of the Al Suwaidi Group, in the Kingdom of Saudi Arabia. Prism is exhibiting very strong organic growth. The company continues to pursue its inorganic growth strategy and is evaluating further acquisition of companies in Europe and Middle East." The board declared an interim dividend of 12.5% for third quarter financial year 2010-11.
Prism continues to perform well in all established segments and geographies in Q3 FY 2010-11.
Highlights:
Consolidated Q3 Revenue up 43% QoQ and 2347% YoY
Consolidated Q3 Profit After Tax up 190% QoQ and 1131% YoY
Quarterly dividend history
Q1 10% Interim
Q2 12.5% Interim
Q3 12.5% Interim
This quarter, the revenue of European operations grew by 45%, Asian Operations by 72%, and US by 9% approximately. Based on current run-rate, Prism expects revenue of INR 600 mn for FY11 and strong volume activity in Q4 FY11.
The results can be Viewed/Downloaded at the below links:
http://prisminfoglobal.com/investors
http://www.bseindia.com/stockinfo/anndet.aspx?newsid=95a350a6-3244-437e-8ab0-1b31b0895f1c
http://www.bseindia.com/stockinfo/anndet.aspx?newsid=af784b60-5996-409e-aa46-f1a50f058a42
Media Contact:
Gaurav Katiyar
+91 9867413433
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