Sify Ltd announces net profit

Chennai, Apr 20 (UNI) Sify Limited (Nasdaq National Market: SIFY), a leader in consumer Internet and enterprise services, today announced a net profit of Rs 5.67 crore for the quarter under India GAAP.

This was a turnaround from a net loss of Rs 12.6 crore for the fourth quarter in the previous financial year, a company release here said.

Sify reported revenues from sales and services of Rs 126.8 crore for the fourth quarter, 24 per cent higher than in the same quarter ended March 31 2005.

Mr R Ramaraj, Managing Director and CEO, said: "We are pleased to report a net profit of Rs 5.67 crore for the fourth quarter with consistent growth across businesses. Initiatives in our portals business during the year resulted in revenue growth of 74 per cent over the previous year." UNI WS VV 1851