Mro-Tek Revenue for Q1 Increases By 31%

MRO-TEK Ltd. announced its revenues for quarter ending June 30, 2002. The total revenues stood at Rupees 16.75 crores, an increase of 31% to the corresponding period of last fiscal with profit after tax at 1.19 crores, an increase of 50% compared to Rupees 79.50 lakhs of last year. "Despite a sluggish and challenging market environment we are beginning to see positive signs. Huge amount of interests among the basic service providers to implement our last mile solutions on their networks was witnessed during the quarter," said S. Narayanan, Chairman and Managing Director, MRO-TEK Ltd., "We have been able to successfully innovate ourselves by identifying new technologies and have strengthened our product portfolio by adding new products. We have continued work in a cost-effective manner delivering better value proposition to customers."