Pentasoft to pay 50 p.c.

By Our Corporate Reporter

CHENNAI, APRIL 7. Pentasoft Technologies has reported a total income of Rs. 158.21 crores in the fourth quarter ended March 31, 2001 against Rs. 124.13 crores in the same period of the previous year. The profit after tax has risen to Rs. 30.02 crores from Rs. 27.67 crores.

In the 12 months ended March 31, 2001, total income has risen by 45.3 per cent to Rs. 596.94 crores from Rs. 410.83 crores in the corresponding period last year. Other income amounted to Rs. 13.45 crores (Rs. 6.47 crores) which includes forex exchange gain of Rs. 12.50 crores. The net profit has also improved to Rs. 126.64 crores from Rs. 82.98 crores, a growth of 52.6 per cent.

The board has recommended a dividend of 50 per cent for the year ended March 31, 2001.

During the quarter, the strategic business units (SBUs) recorded impressive growth. The three SBUs - enterprise, engineering services and education and training - accounted for 69 per cent, 18 per cent and 13 per cent respectively of the total revenue generated, says a company press release.

``The slowdown in the U.S. economy is being offset through a two pronged approach of transforming onsite consultancy services to offshore projects and by moving to other emerging markets such as Europe, the Far-East Asian countries such as Taiwan, Hong Kong, China, and Japan and Australia'' stated Mr. D. Kannan, Director and CEO in a press release.

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