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Aptech announces Year 2006 Results
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Aptech Limited (Consolidated) Financials at a Glance (Rs. Crore) |
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Qtr ended Dec 31, ‘05 |
Qtr ended Dec 31, ‘06 |
Year ended Dec 31,05 |
Year ended Dec 31,06 |
Growth YoY |
|
Global System- wide Revenues |
169.13 |
222.04 |
499.94 |
922.67 |
85% |
Net Revenues |
39.04 |
44.07 |
157.03 |
176.94 |
13% |
Operating Profit |
8.08 |
2.78 |
35.02 |
38.63 |
10% |
Profit before Exceptional items & Tax |
(51) |
(116) |
4.04 |
20.41 |
405% |
| Profit after Tax | (0.85) |
(1.65) |
(43.82) |
16.90 |
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Mumbai, January 29, 2007: For the year ending 2006, Aptech Limited, the Global Learning Solutions Company, posted an impressive Global System-wide revenues of 922.67 crores, registering a growth of 85% over the previous year. The profit before exceptional items & tax similarly registered a very impressive growth from a mere Rs. 4.04 crores in 2005 to a high of Rs.20.41 crores in 2006. The PAT stood at 16.9 crores.
For the fourth quarter ending December 31, 2006, Aptech, posted Global System-wide revenues of Rs. 222.04 crores, representing a 31% increase YoY. Net revenues for the quarter stood at Rs. 44.07 crores. The Company reported the negative PAT of Rs.1.65 crores which was higher than the loss reported in the corresponding Qtr last year due to investments of over Rs. 4 crores made in marketing and people resources for its new businesses of Avalon Aviation Academy, Learning Services and Synergetics.
The unaudited reviewed financial results were taken on record at a Board Meeting held in Mumbai.
Commenting on Aptech’s performance, Mr. Pramod Khera, CEO & MD – Aptech Ltd. said “We had a very eventful year with our various businesses showing impressive future visibility. We strengthened our foothold in South East- Asia with the establishment of our Malaysia office. Our acquisitions of 2006, Avalon Aviation Academy & Synergetics gained strength in the last quarter and the initiatives & investments made in marketing and human resources during the year are expected to result in improved revenues in these businesses in the forthcoming quarters.”
Highlights 2006:
- Acquisitions - Avalon Aviation Academy & Synergetics
- International Expansion – Centres in new geographies: Mongolia, Afghanistan, Dubai, Kuwait & Syria. Additional new centres in China, Russia, Philippines, Iran, Indonesia, Mexico, Vietnam, Turkey & Thailand.
Office established at Malaysia - Enrolled - 289123 new students across three brands i.e. Aptech Computer Education, Arena Multimedia & SSi Education.
- China - Aptech enrolled 131823 new students in 2006 across 225 centres. Retained the highest market share for 4th consecutive year
- ATTEST – Established 6 Dedicated Test Centers (DTCs) in Mumbai, Secunderabad, Chennai, Trivendrum, Vijaywada and Coimbatore with world class infrastructure and state of the art technology in addition to 50 ATCs ( Authorised Training Centres). Authorized to conduct TOEFL tests thru its Testing centres. Conducted 4.2 lac Tests during 2006.
- Accolades - Featured amongst TrainingOutsourcing.com’s Top 20 Global Training Outsourcing Service Provider (OSP) Companies
- ISO 27001 Certification - By the British Standards Institutions (BSI) for ATTEST & Aptech Learning Services, the customized learning content development arm of Aptech.
- Aptech Training Solutions & Aptech Learning Services added marquee clients during 2006. Learning Services adds capacity at content development factories in Chennai & Pune.
Aptech’s three retail brands in the IT & Multimedia space showed impressive growth in bookings as well as enrollments. The bookings grew by 58 % as compared to the corresponding quarter of 2005. The enrollments stood at 40, 538 for the three brands in Q4.
Aptech officially opened its maiden office in Kuala Lumpur, Malaysia. Aptech has also set up a high-end training centre located at Antarabangsa, in the heart of the Golden Triangle in Kuala Lumpur. Aptech initially plans to offer services & solutions to individuals, corporates and academic institutions in Malaysia and later address the client’s needs across South East Asia.
Says Pramod, “Malaysia is crucial to Aptech’s expansion in ASEAN. Aptech initially plans to offer services & solutions to individuals, corporates and academic institutions in Malaysia and later address the client’s needs across South East Asia. The Kuala Lumpur office reiterates Aptech’s South East Asia strategy of being near to its important regional markets and affirms its commitment to the Malaysian domestic market as well.”
Aptech signed an MoU with the Information Technology Institute (ITI) - Cairo, the high-end technical training arm of the Ministry of Communications and Information Technology, Government of Egypt. The tie - up will enable Aptech and ITI to collectively penetrate strategic markets surrounding Egypt. To begin with, Aptech will host e-learning courses and impart e-learning training to ITI.
Aptech expanded its presence in Russia, by setting up Aptech Computer Education & Arena centres at Novosibirsk State University of Economics & Management, Penza State Technological Academy, & The Urals State University of Economics, Yekaterinburg.
In China Aptech trained 131823 students in 2006, showing an impressive increase in the enrollments from the corresponding period last year. The revenue of the China Operations rose from Rs.6.53 crores to Rs.16.46 crores, showing an increase of 152%.
Avalon Aviation Academy, which is in an expansion mode, signed up for centres at Allahabad, Lucknow, Cochin &, Mumbai (Andheri E). Besides these locations, Avalon is also setting up a company owned centre at Gurgaon. All these are to be operational in the first quarter of the year 2007.
Aptech Learning Services, the customized learning content development arm of Aptech continued its growth and added on some marquee clients. Besides other projects, it procured two projects from the World Leader in IT Software, inked a partnership with a leading US based market leader for on-demand e-learning technology, courseware and services solutions for Content Development and reselling of their e-Learning courses thru Aptech's OnlineVarsity and procured additional space for adding capacity at content development factories in Chennai & Pune.
Aptech’s Training Solutions business which caters to the Corporates, Institutions & Government bagged impressive orders from a telecom major, IT Software Major & an Insurance firm for product training, soft skills training content & for customer interaction training.
Attest, Aptech’s testing arm, saw significant growth in terms of number of tests conducted, client acquisitions & revenues. ATTEST, further consolidated its market leadership position in Academics vertical with strengthening of relationship with existing clients and adding new clients in this vertical.
About Aptech Limited:
Aptech Limited, a Global Learning Solutions Company with a presence across 5 continents, is playing a key role in helping individuals, organizations and nations adapt to the changing requirements of a knowledge-driven world. Aptech’s various business lines include IT & Multimedia Education & Training (Aptech Computer Education, SSI Education & Arena Multimedia); Offshore Learning Content Development (Aptech Learning Services); e-learning (onlinevarsity.com), Testing & Certification (ATTEST); Soft Skills & Training Solutions (Aptech Training Solutions); IT Training Solutions (Synergetics) and Aviation Training (Avalon Aviation Academy).
Aptech commenced its IT education & training business in 1986 and has trained over 4 million students – globally. Aptech is an ISO 9001:2000 organization and was the first IT training and education organization in Asia to receive the ISO 9001 quality certification for Education Support Services in 1993.
For further details contact:
Delhi:
Sonia Narula
Vice-President,
Corporate Communications,
Aptech Limited
Telefax : 011 516 466 46(D)
E-mail : sonian@aptech.ac.in
Kolkata:
Arpita Bhattacharjee
Corporate Communications,
Aptech Limited
Tel: 033 2465 5899
E-mail : arpitab@aptech.ac.in
Mumbai:
Reshma Dash
Corporate Communications,
Aptech Limited
Telefax : 022 2827 2359
E-mail : reshmad@aptech.ac.in
Chennai:
Sudhir Kumar
Corporate Communications,
Aptech Limited
Tel: 044 6453 2718
E-mail : sudhirk@aptech.ac.in