“The past year has been rewarding for MRO-TEK. Our focussed efforts to design and develop products in-house have been fruitful. In India, we see a huge market evolving in the last mile broadband access segment with the Internet moving into web 2.0 maturity. We see information, communication and entertainment flowing seamlessly in and out of households in the near future through our devices,” said S.Narayanan, chairman and managing director, MRO-TEK Ltd.
“Higher revenue and profits during the year, provide us adequate scope for a final dividend of 40 per cent (Re 2 per share), in addition to the interim dividend of 20 per cent (Re 1 per share) disbursed in February 2008, thereby aggregating to a total dividend of 60 per cent for the year, amounting to Rs 3 per share (of face value Rs 5 each),” added Narayanan.
During its fiscal year, MRO-TEK introduced Last Mile Infrastructure Architecture for delivering Triple Play service in India; observed good traction for broadband Internet access products; collaborateD with Foundry Networks USA for layer 2/3 switches; and made shipments of media converters to NTT PC of Japan. |
