Gemini Comm net revenue jumps 47% to Rs 236.12cr

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Gemini Comm net revenue jumps 47% to Rs 236.12cr

This article was posted on May 19, 2008 and is filed under Press Releases

Gemini Communication Ltd (GCL) [BSE CODE NO: 532318], a leader in communications and networking solutions and pioneers in the field of System Integration, today announced its results for the year ending March 31, 2008, with a 52% jump in its Y-on-Y profits.

Commenting on the performance of the company, Mr Vijay Kumar, Chairman & MD, Gemini Communications Ltd. said, “We continue to maintain our growth momentum as we enter 2009 growing at more than 50% YoY.Gemini has two different subsidiaries and the management feels that future growth into the international space will be through these two subsidiaries. One betting on the Wimax as the growth engine and the other on RFID to replace many a identification system being used today.

Gemini has been a consistent performer with a healthy dividend payment track record for the last 9 Consecutive years, Gemini has a orders on hand of close to the last year’s revenues of Rs.250 Crores. This is one of the main reason why the management believes that this year growth will far exceed the average growth rate the company has been having over the past 4 yrs.

Sourced From: Adfactors Public Relations Pvt Ltd

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