>Back
Press Release
Aptech Ltd. (Standalone) PAT increases 65% YOY Aptech announces Q2 Standalone Results
1st August, 2008
Revenues increase by 18% YOY (Rs. 2842 lacs vs. 2404 lacs)
Revenues from retail education increase 42% YOY (Rs 2134 lacs vs. Rs 1496 lacs)
Operating Profit at Rs. 664 lacs, up 60% from Rs 415 lacs same quarter last year
Qtr ended June30, '07 Rs. lacs |
Qtr ended June 30, ’08 Rs. lacs |
Growth YoY |
|
Net Revenues |
2404 |
2842 |
18% |
Operating Profit |
415 |
664 |
60% |
Profit before Exceptional items & Tax |
103 |
337 |
228% |
Profit after Tax |
169 |
278 |
65% |
Mumbai:
For the quarter ending June 2008, Aptech Limited, the Global Learning Solutions Company, announced its stand-alone results. The standalone unaudited reviewed financial results were taken on record at the Board Meeting held in Mumbai.
Owing to the impending restructuring of Aptech's holding in the Chinese Joint Venture consequent to the Framework agreement, executed on 20th March 2008, which is yet to be followed up by the execution of definitive agreements, the accounts for the quarter could not be consolidated, pending receipt of the appropriate financial information. The consolidated numbers will be materially different from the standalone numbers.
On a standalone basis, Aptech posted an increase of 18% in its revenues and 60% in operating profits compared to same quarter last year. The revenues from the retail education business increased by 42% in this quarter.
Commenting on Aptech’s performance, Mr. Pramod Khera, CEO & MD – Aptech Ltd., said “The second quarter saw all our brands expanding across India & abroad. We forayed into Mauritius & Botswana in keeping with our plan of expanding in Africa. The newly launched brand of N-Power is forging ahead with 30 centres operational. ”
Highlights Q2 2008 :
- Aptech forayed into Mauritius & Botswana during this quarter. Additional Aptech Computer Education and Arena centres signed up in Russia, Mauritius, Vietnam & Botswana.
- Arena Animation - the Global leader in Animation Education inaugurated Animation Studios in Chennai to execute its Hi-end Animation Engineering program.
- Avalon Academy inaugurated 23 new centres during quarter & tied up with KSOU to offer BBA & MBA in Aviation, making it the first institute to offer Management programmes in Aviation.
- Aptech Computer Education organized Job Fests across the country, which evoked immense response at every location viz. Delhi, Mumbai, Kochi & Kolkata, where approximately 1300 students were short listed for job openings by respected companies from the IT-ITES space.
- N Power, the Hardware & Networking Training initiative opened 8 new centres during this quarter & launched its flagship course N-Power Certified Enterprise Systems Engineer (NCESE) program in collaboration with International vendors like CompTIA & Redhat.
Acknowledgment:
Aptech Vietnam was lauded as the No.1 Training provided for the 6th year in a row (2003-2008). Received the Top ICT Training Cup from Ho Chi Minh Computer Association (HCA).
About Aptech Ltd. :
Aptech commenced its IT education & training business in 1986 and has trained over 5 million students – globally. Aptech is an ISO 9001:2000 organization and the first IT Training and Education company to get this certification for Education Support Services in 1993.
Aptech is a Learning Solutions company with two main streams of businesses – Individual training and Corporate Learning Services.
Under Individual Training, Aptech offers career and professional training in IT (Aptech Computer Education), Animation & Multimedia (Arena Animation); Certified Hardware & Networking Training (N-Power) and Aviation & Hospitality Training (Avalon Academy).
Corporate Learning Services includes Content Development (Aptech Learning Services); e-learning (onlinevarsity.com), Training & Assessment Solutions for Corporates & Institutions (Aptech Training Solutions & ATTEST) and Developer Training & Consultancy (Synergetics).
For further information on Aptech Limited please do visit our website at www.aptech-worldwide.com
For Further Details Contact:
Delhi |
Mumbai |
|
Kolkata |
Chennai |
|
>Back