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q1 09 IOL Netcom Results

IOL Netcom Limited reported financial results for the quarter ended June 30, 2008. Total income increased to Rs. 304.14 lakhs for the quarter from Rs. 188.05 lakhs in the same period last year. However, the company reported a net loss of Rs. 968.16 lakhs for the quarter compared to a net profit of Rs. 11.98 lakhs in the corresponding period of the previous year. Earnings per share for the quarter stood at Rs. (3.54), down from Rs. 0.04 in the same quarter of the previous year. Public shareholding in the company was 92.75% as of June 30, 2008.

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241 views

q1 09 IOL Netcom Results

IOL Netcom Limited reported financial results for the quarter ended June 30, 2008. Total income increased to Rs. 304.14 lakhs for the quarter from Rs. 188.05 lakhs in the same period last year. However, the company reported a net loss of Rs. 968.16 lakhs for the quarter compared to a net profit of Rs. 11.98 lakhs in the corresponding period of the previous year. Earnings per share for the quarter stood at Rs. (3.54), down from Rs. 0.04 in the same quarter of the previous year. Public shareholding in the company was 92.75% as of June 30, 2008.

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mixedbag
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IOL NETCOM LIMITED (Formerly known as IOL Broadband Ltd.

)
Reg. Off: 601, 6th Floor Raheja Centre, Nariman Point, Mumbai - 400 021

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2008
(Rs. In Lakhs except per share data)
12 Months ended
31.03.08
Quarter Ended (Unaudited)

Sr. No. Particulars


30.06.2008 30.06.2007 Un-Audited

1 Net Sales/Income from Operations 300.35 159.49 2,195.08


2 Other Income 3.78 28.56 230.00
3 Total Income (1+2) 304.14 188.05 2,425.08
4 Expenditure
a. Increase/Decrease in stock in trade and work in progress - - -
b. Operational Cost 398.14 62.62 1,179.39
c. Purchase of traded goods - - 1,188.21
d. Employee cost 349.26 54.90 1,008.28
e. Rent 95.91 24.00 526.45
f. Depreciation 414.62 30.05 642.32
g. Other expenditure - - 5.89
h. Total 1,257.94 171.57 4,550.54
5 Interest 2.46 - -
6 Exceptional Items - - -
7
Profit/(Loss) from Ordinary Activities before tax (3)-(4+5+6) (956.26) 16.48 (2,125.46)
8 Tax expense 11.90 4.50 21.16
9 Net Profit/ (Loss) from ordinary activities after tax (7-8) (968.16) 11.98 (2,146.62)
10 Extraordinary Items (net of tax expense) - - -
11 Net Profit / (Loss) for the period (9-10) (968.16) 11.98 (2,146.62)
12 Paid up Equity Share Capital 2,735.34 2,415.34 2,665.34
(Face Value of Rs. 10 Each)
13 Reserves excluding revaluation reserves as per balance sheet of previous
accounting year - 10,116.00 -
14 EPS for the period (in Rs.)

a. Basic and diluted EPS before Extra Ordinary Items for the period , for
the year to date and for the previous year (not to be annualised) (3.54) 0.04 (8.05)

b. Basic and diluted EPS after Extra Ordinary Items for the period , for
the year to date and for the previous year (not to be annualised) (3.54) 0.04 (8.05)
15 Public Shareholding
-Number of Shares 25,380,500 23,314,623 23,930,500
-Percentage of Shareholding 92.75% 96.48% 89.74%

Notes:
1. The above financial results for the quarter ended June 30, 2008 have been reviewed by the Audit Committee and approved by the Board at its
meeting held on July 30 , 2008.
2. During the quarter ended June 30, 2008, seven lacs equity share warrants of the company were converted into seven lacs equity share s of the
Company.
3. The Company operates in only one segment.
4. Number of Investor Complaints Opening - NIL, Received: NIL, Disposed Off: NIL, Pending: NIL.
5. Figures of previous period have been regrouped/ reclassified wherever necessary.

Date : July 30, 2008 For and on behalf of the Board


Place: Mumbai

sd/-
A.S. Oberai
Whole Time Director

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