Total consolidated income for the year ended March 2008 stood at Rs 291.16 crores, an increase of 87.24 per cent from Rs 155.50 crores in the previous year. Total income of the company on standalone basis was at Rs 164.98 crores and net profit after tax at Rs 8.04 crores. The board has recommended a dividend of 10 per cent.
Commenting on the results, Manohar Bidaye, chairman, Zicom Electronic Security Systems Limited, said, “The company has made remarkable progress in terms of top line growth and EBDITA growth (adjusted for incurring of Rs 21.84 crores on account of launch expenses and advertising of the retail subsidiary); the launch expenses has been entirely written off despite much of it being brand building in nature, hence the bottom line was affected due to loss of Rs 15.37 crores of its retail subsidiary viz. Zicom Retail Products Private Limited. The loss in retail business was mainly attributed to heavy advertisement expenditure incurred for building up category of security for SOHO market i.e. small homes small shops market.”
He also mentioned, “Unisafe Fire Protection Specialists LLC, Dubai, the company acquired during the last financial year, has posted significant growth and achieved turnover of Rs 72.19 crores and profit of Rs 12.62 crores due to surge in the construction activities in the Gulf region.” |
