Tricom India Ltd recommends issue of Bonus share ratio of 1:1

Mumbai, Aug 03 (UNI) Directors of Tricom India have recommended issue of Bonus Shares in the ratio of 1:1, which is subject to the approval from the members in the ensuing Annual General Meeting.

Tricom India Limited, a company specializing in non-voice business process outsourcing (BPO) has registered an impressive performance in net profit up by 95 per cent during the first quarter ended June 30, 2006 as compared to Rs 1.63 crore in the quarter ended June 30, last year.

The company has achieved consolidated net sales of Rs 8.22 crore during the first quarter ended June 30, 2006 as against net sales of Rs 5.43 crore during the previous corresponding quarter ended June 30, 2005. The net sales rose by 51 per cent during the quarter.

The Basic earning per share (EPS) increased to Rs 5.50 per share as on June 30, 2006 over the previous year of Rs 3.61 per share.

Commenting on the performance of the first quarter, Mr Chetan Kothari, Managing Director of Tricom India Limited, said, ''The growth in net sales and profit is due to encouraging scenario for non-voice business process outsourcing, and continued support from the existing customers.'' UNI AR KU AW2038