Dhanus Technologies Ltd. (BSE Scrip code: 532903), one of India’s fastest growing telecommunications companies,has registered an impressive turnover of Rs. 70.71 crore for the period between July and December 2007 as compared to Rs. 35. 16 crore for the 6 months ending December 2006. The net profit after tax for H1 07-08 is Rs. 13.94 crore as against Rs. 10.57 crore for the corresponding period, last year. The turnover for the quarter ended December 31, 2007 stood at Rs. 39.27 crore.

Commenting on the performance of the company, Mr. V Narayanaswamy, Managing Director, Dhanus Technologies said, ” We are extremely pleased with our performance for the period July – December, 2007. During this time, our telecom sector has seen an impressive growth of 180% when compared to the same period last year, while the IT/ITES sector has seen a growth rate of 74%. We are confident that Fleetrac, our recently launched vehicle-tracking system, will see exponential growth in the coming years. Initiating our entry into the global market, it was in this period that we began talks for the purchase of 100% shares of Borusan Telekom, which we successfully completed last week.”

The consolidated earnings per share for the quarter ended December 2007 is Rs. 16.60, while the consolidated earnings per share for the 6 months ended December 2007 is Rs. 16.22. Dhanus Technologies, which got listed on the bourses in September 2007, raised close to Rs. 113.13 crore through the company’s Initial Public Offerings. The company follows the July – June financial year.

Sourced From: Hanmer & Partners Communications Pvt. Ltd

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