Monday, May 30 2005 20:53 Hrs (IST) - World Time -

Bangalore: MRO-TEK Ltd, a major provider of product-based solutions to access every network, today (May 30, 2005) announced that the revenues stood at Rs 119.63 crores with PAT at Rs 4.15 crores for the year ended 31 March 2005, compared to the revenues for the year ended March 2004 which stood at Rs 101.04 crores with PAT at Rs 3.52 crores, recording a growth of 18.39 % in revenues and increase of 17.89 % in profit after tax.

The company registered revenue of Rs 30.88 crores for the fourth quarter ended 31 March 2005 compared to Rs 24.68 crores of Q4 in 2003-2004 and profit grew to Rs 3.14 crores from Rs 1.33 crores for the previous year same period.

"With over 18% increase in Net Sales, and higher operating margin achieved by product-mix, the PBT & PAT registered adequate increase, after fully absorbing the differential customs duty amount of Rs 810 lakhs shown under 'exceptional expenses', thus providing scope to recommend a declaration of a higher dividend at 25% on equity capital, " said Mr Narayanan, chairman and managing director, MRO-TEK Ltd.