Wednesday, October 26 2005 19:26 Hrs (IST) - World Time -

Bangalore: MRO-TEK Ltd, a major provider of product-based solutions to access every network, today (Oct 26, 2005) announced its financial results for the second quarter ending September 30, 2005.

For half-year ended 30 September 2005, the company reported net sales of Rs 71.66 crores, which rose by 21% and PAT of Rs 7.96 crores, which rose by 175% over that of the same half-year of the previous year.

"The broadband growth will have a good traction for the business, for coming quarters. Another positive development is appointment of more channels outside India. Several sample orders from Turkey and Europe have received. We will plan our strategy such that we grow our business at 15-20% year on year," said Mr S Narayanan, CMD.

In this quarter, MRO-TEK deployed fiber optic products to mobile operations. The company received recognition from the Government of India for their R&D and also an award from RAD for outstanding performance among more than 70 countries.