[Press Release] Four Soft H1 revenues grow 228% and profits grow 272%, Profit exceeds Rs.100 million

PRESS RELEASE

For immediate release

Four Soft H1 revenues grow 228% and profits grow 272%, Profit exceeds
Rs.100 million.

Highlights
Consolidated results for the half year ended September 30, 2006

*	Income was Rs. 800.21million for the first half year ended
September 30, 2006; growth of 228% over corresponding half year ended
September 30 2005 

*	Net profit after tax was Rs. 100.20million for the first half
year ended September 30, 2006; growth of  272%  over corresponding half
year ended September 30 2005

Others 

*	DHL Global Mail, a business unit of Deutsche Post World Net, has
selected the 4S iLogistics product suite as the platform to manage their
day to day logistical operations 

*	Launched eTrans 2.1, the next version of its web-centric
solution for transportation and freight industry 

*	Addition of 128 employees in the last quarter 

*	Significant breakthrough in closing new businesses with large
existing clients

Mumbai, October 20,  2006 - Four Soft Limited (4S) (NSE: "FOURSOFT",
BSE: 532521), A global leader in software solutions for transportation
and logistics industries, has reported PAT of Rs. 100.20 million for the
half year ended September 30, 2006 as compared to Rs. 26.96 million in
the corresponding half last year. The revenues touched a new high of Rs.
800.21 million for the half year ended September 30, 2006 as compared to
Rs.  243.43 million in the corresponding half last year.

Income was Rs.401.80 million and Net profit was Rs.49.65 million in the
last quarter ended September 30, 2006. 

Four Soft with its focus on domain and cutting edge technology continues
to attract the best talent in the industry. During the quarter the
company added 128 new employees. The company continues to strengthen its
core product development and delivery capabilities and has launched
eTrans 2.1 the next version of its web-centric solution for
transportation and freight industry

Mr. Srikanth Palem, CEO & Managing Director, Four Soft Ltd. said, "Our
strategy of focusing on customers and their business demands has begun
bearing fruits and resulted into winning new business from large
customers like DHL & Panasonic."

 

About Four Soft Limited

Four Soft is an enterprise solutions company providing innovative
software products, exclusively for the freight, transportation,
logistics and supply-chain management market place and also offers IT
consultancy services. It is among the leaders in the transportation and
logistics segment with a large international client base including the
majority of the top transportation & logistics companies in the world.
The Company adopts a global development and delivery model leveraging
the engineering talent of India and the account management and delivery
skills of its regional offices. The Company has large customers
including Eagle Global Logistics (EGL), DHL, Kuehne+Nagel, Schenker,
Mastushita, Panasonic Logistics, UTi and Geodis. Additional information
about Four Soft is available at  <http://www.four-soft.com/>
http://www.four-soft.com.

For further information contact: 

Biju Nair - +91 9866551812

  nair.biju@four-soft.com
Four Soft Limited

 

 

Naini Roychoudhury/ Rinki Saha

+91 9819900135/ +91 9820135827

 
naini.roychoudhury@adfactorspr.com/  
rinki.saha@adfactorspr.com

Adfactors PR Pvt Ltd

 
 	  	  	  	  	  	  	  	 	
		 	 	
		 	 	
		 	 	
 CONSOLIDATED UN-AUDITED(PROVISIONAL) FINANCIAL RESULTS FOR THE HALF
YEAR ENDED SEPTEMBER 30, 2006 	  	 	
 	  	  	  	  	  	  	  	 	
Sr.
No.	  Particulars 	  Three  Months  Ended  	  
Six  Months  Ended  	  Year ended 31.03.2006
(Audited) 	  	 	
 30.09.2006    (Unaudited) 	  30.09.2005 (Unaudited)
30.09.2006    (Unaudited) 	  30.09.2005 (Unaudited)

1	  Net Sales/Services 	                3,931.78
1,691.17 	       7,801.67 	       2,346.34
9,005.59 	 	 	
2	  Other Income 	                      86.41
54.22 	           200.46 	             87.98
416.17 	 	 	
3	  TOTALS (1+2) 	                4,018.19 	       1,745.39
8,002.13 	       2,434.32 	             9,421.76

4	  Total expenditure:

 	   a)  Increase/decrease in stock in Trade
-   	                    -   	                    -
-   	                         -   	 	 	
 	   b)  Consumption of raw materials
-   	                    -   	                    -
-   	                         -   	 	 	
 	   c)  Staff Cost 	                2,624.90
1,039.66 	       4,956.55 	       1,394.37
5,939.43 	 	 	
 	   d)  Travelling Expenditure  	  - 	            108.93
- 	            164.10 	                570.49 	 	 	
 	   e)   Implementation expenses 	  - 	  - 	  -
- 	  	  	 	
 	   f)  Other expenditure 	                   656.38
310.81 	       1,524.56 	           441.20
1,638.21 	 	 	
 	  g) Exchange rate (Gain)/Loss 	  - 	  - 	  - 	  -

5	  Interest 	                      88.92
22.40 	           175.55 	             22.40
275.45 	 	 	
6	  Depreciation 	                      78.95
44.00 	           158.74 	             71.72
220.86 	 	 	
7	  TOTALS (4+5+6) 	                3,449.15
1,525.80 	       6,815.40 	       2,093.79
8,644.44 	 	 	
8	  Profit (+)/ Loss (-) before tax (3-7)
569.04 	           219.59 	       1,186.73
340.53 	                777.32 	 	 	
7	  Provision for Taxation 	                      72.53
50.66 	           184.70 	             71.22
183.23 	 	 	
8	  Net Profit (+)/ Loss(-)   (6-7)
496.51 	           168.93 	       1,002.03
269.31 	                594.09 	 	 	
9	  Paid-up equity share capital (Face value of Rs. 5 each)
1,764.89 	       1,808.74 	       1,764.89
1,808.74 	             1,764.88 	 	 	
10	  Reserves excluding revaluation reserves  	  - 	  -
- 	  - 	                          -   	 	 	
11	  Basic earnings per share  (not annualised)
1.41 	               0.51 	               2.85
0.82 	                     1.90 	 	 	
12	  Diluted earnings per share  (not annualised)
1.40 	               0.51 	               2.82
0.81 	                     1.87 	 	 	
13	  Aggregate of non-promoter shareholding**
- Number of shares- 
 	           23,426,834 	   22,790,585 	   23,426,834
22,790,585 	        23,365,614 	 	 	
 	  Percentage of shareholding 	                      64.75
63.00 	             64.75 	             63.00
64.59 	 	 	
Notes:	 					 	 	
1. The above Consoldiated financial results have been reviewed by the
Audit Committee, considered and approved by the Board of Directors at
its meeting held on October 20, 2006.	  	 	
2. The Consolidated Finanicial Statements of Four Soft Limited (Four
Soft) and its wholly owned foreign subsidiaries are prepared in
accordance with Accounting Standard 21 - "Consoldiated Financial
Statements" issued by the Institute of Chartered Accountants of India.
All significant intra group balances and intra group transactions have
been eliminated.	  	 	
3. The consolidated results for the quarter ended September 30, 2006
have been prepared based on the unaudited financial results of the
following subsidiaries: (a) Four Soft LLC, USA, (b) Four Soft BV, The
Netherlands and its subsidiaries (Four Soft NL BV, Four Soft UK Ltd,
Four Soft USA Inc. and Four Soft Germany GMBH), (c) Four Soft Singapore
Pte Ltd and (d) Four Soft Malaysia Sdn Bhd. The consolidated results for
the quarter ended September  30, 2006 are not comparable with those of
the corresponding previous quarter due to acquisition of the following
step down subsidiaries in September 2005: (a) Four Soft NL BV, (b) Four
Soft UK Ltd, (c) Four Soft USA Inc. and (d) Four Soft Germany GMBH.

4. The Segement reporting under Clause 41 and AS -17 is not applicable,
as the company has only one segement.	  	 	
5. Figures for the corresponding previous periods, have been regrouped /
rearranged wherever necessary.	 	 	 	
 	 						 	 	
 	 						 	 	
 Place: Hyderabad 	 		 By Order of the Board

 Date: October 20, 2006

 	 						 	 	
 	 			 Palem Srikanth

 	  	  	  	  Managing Director

									
									
 
 
 
 
 
 
Best regards,
Rinki Saha 
Account Executive

Adfactors PR Pvt Ltd 
Raj Mahal, 4th Floor, 
84 Veer Nariman Road, 
Churchgate, 
Mumbai 400020.
Phone: 91 22 22871361
Handphone: 9820135827
Email:rinki.saha@adfactorspr.com