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| Ace Software
Exports Limited |
| Regd. Office
: 801, Everest, Opp. Shastri Maidan, Rajkot - 360 001 |
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| UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 30th SEPTEMBER, 2008 |
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(Rs.In Lacs) |
| Sr. |
Particulars |
Quarter |
Quarter |
Half Year |
Half Year |
Year Ended |
| No. |
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Ended |
Ended |
Ended |
Ended |
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30-09-2008 |
30-09-2007 |
30.09.2008 |
30.09.2007 |
31.03.2008 |
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(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
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| 1 |
Income From Operations |
55.87 |
57.30 |
96.74 |
143.36 |
306.84 |
| 2 |
Expenditure |
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a. (Increase)/Decrease in
Stock |
(32.59) |
(28.30) |
(59.63) |
(33.50) |
6.62 |
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b. Software Charges |
63.39 |
73.56 |
106.66 |
122.82 |
228.12 |
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c. Staff Cost |
5.40 |
5.05 |
10.95 |
14.82 |
23.60 |
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d. Depreciation |
2.08 |
8.20 |
4.47 |
16.36 |
103.82 |
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e. Other Expenditure |
23.24 |
27.42 |
46.41 |
57.05 |
117.58 |
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g. TOTAL |
61.52 |
85.93 |
108.86 |
177.55 |
479.74 |
| 3 |
Profit from Operations before
Other Income, |
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Interest and Exceptional Items (
1-2 ) |
(5.65) |
(28.63) |
(12.12) |
(34.19) |
(172.90) |
| 4 |
Other Income |
36.08 |
22.58 |
50.14 |
29.26 |
445.64 |
| 5 |
Profit before Interest and Exceptional Items
( 3+4 ) |
30.43 |
(6.05) |
38.02 |
(4.93) |
272.74 |
| 6 |
Interest |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| 7 |
Profit after Interest but before Exceptional
Items ( 5-6 ) |
30.43 |
(6.05) |
38.02 |
(4.93) |
272.74 |
| 8 |
Exceptional Items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| 9 |
Profit From Ordinary Activities
after Tax ( 7+8 ) |
30.43 |
(6.05) |
38.02 |
(4.93) |
272.74 |
| 10 |
Tax Expenses |
0.17 |
0.15 |
0.20 |
0.25 |
5.92 |
| 11 |
Net Profit From Ordinary
Activities before Tax ( 9-10 ) |
30.26 |
(6.20) |
37.82 |
(5.18) |
266.82 |
| 12 |
Extraordinary Items |
- |
- |
- |
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- |
| 13 |
Net Profit for the period ( 11-12
) |
30.26 |
(6.20) |
37.82 |
(5.18) |
266.82 |
| 14 |
Paid up Equity Share Capital |
468.00 |
472.95 |
468.00 |
472.95 |
468.00 |
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(Face Value of Share Rs. 10 each ) |
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| 15 |
Reserves Excluding Revaluation
Reserves |
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855.85 |
| 16 |
Earnings per Share ( EPS ) |
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Diluted EPS for the Period |
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644.11 |
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( a ) Basic & Diluted EPS
before extraordinary items |
0.65 |
(0.13) |
0.81 |
(0.11) |
5.70 |
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( b ) Basic & Diluted EPS
after extraordinary items |
0.65 |
(0.13) |
0.81 |
(0.11) |
5.70 |
| 17 |
Public Shareholding |
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(a) No. of Shares |
2003175 |
2046901 |
2003175 |
2046901 |
2003175 |
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(b) Percentage of shareholding |
42.80% |
43.28% |
42.80% |
43.28% |
42.80% |
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| Notes : |
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| (1) The above
results were reviewed by the Audit Committee and thereafter the same were
approved and taken on record at the |
| meeting of the Board of Directors held on October 31, 2008. |
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| (2) The above
figures have been regrouped, rearranged wherever necessary. |
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| (3) The
Company's operations fall under single segment namely " Computer
Software and Services Exports". |
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| (4) There were no investor complaints pending
on 01/07/2008 & 1 complaint was received during quarter ended 30th Sept
2008 |
| which was duly attended to. |
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| (5) The
Statutory Auditors of the company have carried out a Limited Review of the
Accounts for the Quarter ended on 30th Sept 2008. |
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| Place : Rajkot |
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For and on behalf of the Board, |
| Date : 31-10-2008 |
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Vikram B. Sanghani |
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Jt.Managing Director |
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