Helios

New Delhi, Apr 24 (UNI) Helios and Matheson a key company in the IT sector, today announced an 89 per cent increase in net profit for the fourth quarter, (Q4) at Rs 11.29 crore.

Income for the period registered a 72 per cent rise over the corresponding quarter in the previous year and stood at Rs 62.33 crore.

Operating profit was Rs 16.31 crore reflecting an increase of 59 per cent.

Earnings per share (annualised) for the quarter ended March 31, 2006 was Rs 22.57 (post the 1:1 bonus issue of shares distributed on November 7, 2005).

Net profit for the entire year (year ending, March 31, 2006) stood at Rs 38.14 crore reflecting a 105 per cent growth.

Income for the entire year was Rs 221.36 crore, as compared to Rs 122.31 crore for fiscal year 2005, an increase of 81 per cent year on year.

Cash and cash equivalents as on March 31, 2006 stood at Rs 28.06 crore. Earnings per share was Rs 19.06. On an expanded capital base post 1:1 bonus, the company has in fact increased the earnings per share to Rs 19.06 from Rs 18.58 last year.

Helios&Matheson Chairman, V Ramachandiran said, ''This is a landmark year for us with three important milestones. Helios&Matheson has completed 15 years of consistent profitable growth.

TACT Inc. (Nasdaq Capital Market: TACX) has become a subsidiary of Helios&Matheson. Revenues are expected to touch a record 88 mn dollars this fiscal.'' Helios&Matheson Information Technology Ltd is a 15-year old IT services organisation with corporate headquarters in Chennai, India and subsidiaries and offices in the US, Singapore and Bangalore.

UNI ARB SS HT1835