>Back
Press Release
Aptech announces Q1 Standalone Results
1st may, 2008
Revenues increase by 18% (Rs. 2579 lacs vs. 2188 lacs)
Revenues from retail education increase 27% (Rs 1671 lacs vs. Rs 1316 lacs)
Operating Profit at Rs. 447.11 lacs, up 23% from Rs 364.52 lacs.
Qtr ended March 31, ’07 Rs. lacs |
Qtr ended March 31, ’08 Rs. lacs |
Growth QoQ |
|
Net Revenues |
2187.62 |
2578.85 |
18% |
Operating Profit |
364.52 |
447.11 |
23% |
Profit before Exceptional items & Tax |
29.05 |
42.80 |
47% |
Profit after Tax |
22.82 |
56.98 |
150% |
Mumbai:
For the quarter ending March 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 first 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 23% in operating profits compared to same quarter last year. The revenues from the retail education business increased by 27% in a quarter that is traditionally a weak quarter for this business as most students are busy in their college examinations. Aptech’s strategy of reducing its focus on low margin institutional business has resulted in a higher operating margin for the quarter.
Commenting on Aptech’s performance, Mr. Pramod Khera, CEO & MD – Aptech Ltd., said “Aptech has been able to sustain the growth it set out to achieve in its retail education businesses. Armed with new products for every segment, we are sure our Education brands viz. Aptech Computer Education, Arena Animation, Avalon Aviation Academy and N Power will continue to capture the market and post handsome growth. ”
Highlights Q1 2008 :
- Arena Animation : the Global leader in Animation Education, presented ‘The Golden Cursor Animation Awards’ along with CNBC-TV18 during the quarter, creating a unique platform for honouring talent in this segment.
- Arena’s unique programme PERSPECTIVES had renowned International names like Chris Webster & Tim Mostert conducting seminars at various location.
- N-Power : the Hardware & Networking Training initiative, launched in 33 locations country-wide.
- International : New Aptech Computer Education & Arena Centres in new & existing geographies viz. Russia, Vietnam & Sri Lanka.
- Aptech hosted the Aptech World Leadership Summit at Hyderabad with Aptech’s Business Partners from across the globe participating. The Summit acknowledged the efforts of Aptech Franchise partners all across the globe.
- Aptech was conferred the Global Registered Education Provider (R.E.P) status by Project Management Institute (PMI), US, to offer PMI recognized project management training and professional service to project management professionals (PMP) across the globe.
- Aptech Training Solutions – had 3 large clients from the BFSI segment reinstating their faith in its training expertise and a UN agency & a leader in the BPO vertical retaining its services for IT training.
Awards & Accolades Q1 2008 :
- Aptech bagged 4 awards at the Indian Franchising Awards 2008. Aptech was awarded the Global Franchisor of the Year, Win-win Franchising Partnership, Franchising Woman of the Year and Franchisee of the Year.
- Mr. Pramod Khera, CEO & MD, Aptech Ltd. was appointed National Vice-President, Franchising Association of India (FAI).
- Featured among the India’s Biggest Newsmakers in the prestigious Business Today - Cirrus Review of CEOs 2007, for the fourth consecutive year. Amongst Top 10 Biggest Newsmakers in IT companies category – 2007.
- Aptech Computer Education’s flagship program ACCP (Aptech Certified Computer Professional) has been selected as the “Best ICT Training program” in the “Best ICT Choice of Mongolia-2007” competition.
- Aptech Learning Services was awarded the prestigious Indira India Innovation Award at the Indira India Innovation Summit for innovation in New Pedagogy in IT training and mLearning solutions.
- Aptech rated amongst the Global Top 20 Sales training organizations in TrainingIndustry.com’s first annual list of “Top Sales Training Companies in the Top Product Training Companies category.
About Aptech Ltd. : Aptech’s various business lines include IT & Animation Education & Training (Aptech Computer Education & Arena Animation); Hardware & Networking Training (N-Power); Aviation Training (Avalon Aviation Academy); Offshore Learning Content Development (Aptech Learning Services); e-Learning (Onlinevarsity.com); Training & Assessments Solution for Corporates & Institutions (Aptech Training Solutions & ATTEST) and Developer Training & Consultancy (Synergetics).
Aptech commenced its IT education & training business in 1986 and has trained over 4.5 million students – globally. Aptech is an ISO 9001:2000 organization and the first IT training and Education Support Services in 1993.
For further information on Aptech Limited please do visit our website at www.aptech-worldwide.com
For Further Details Contact:
Delhi/Mumbai |
OR | Sangita Sharma Phukan |
Kolkata |
Chennai |
|
>Back