Ace Software Exports Limited
Regd. Office : 801, Everest, Opp. Shastri Maidan, Rajkot - 360 001
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st DECEMBER, 2007
(Rs.In Lacs)
Sr. Particulars Quarter  Quarter  Nine Months Nine Months Year Ended c  
No.   Ended Ended Ended Ended   Ended  
    31-12-2007 31-12-2006 31-12-2007 31-12-2006 31.03.2007 30-06-2006  
    (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (Unaudited)  
                 
1 Income From Operations 82.16 65.93 225.52 340.48 452.70 101.17  
2 Other Income 41.30 28.18 70.56 55.38 82.48 15.61  
3 TOTAL INCOME  123.46 94.11 296.08 395.86 535.18    
4 Expenditure              
     a.    (Increase)/Decrease in Stock 18.07 (27.16) (15.43) 8.65 42.45 (29.23)  
     b.    Software Charges 58.92 67.79 181.74 206.93 260.15 73.74  
     c.    Staff Cost 6.18 9.98 21.00 27.00 32.07 8.76  
     d.    Depreciation 8.17 7.17 24.53 23.58 31.76    
     e.    Other Expenditure 35.28 26.53 92.33 86.48 120.15 29.17  
  TOTAL EXPENDITURE 126.62 84.31 304.17 352.64 486.58    
5 Interest 0.00 0.00 0.00 0.00 0.00 0.00  
6 Exceptional Items               -                 -                     -                  -                    -      
7 Profit From Ordinary Activities before Tax           (3.16)            9.80               (8.09)           43.22             48.60 #REF!  
8 Tax Expenses 0.23 0.14 0.48 0.14               5.93    
9 Net Profit From Ordinary Activities after Tax           (3.39)            9.66               (8.57)           43.08             42.67 #REF!  
10 Extra Ordinary Items               -                 -                     -                  -                    -      
11 Net Profit For the period           (3.39)            9.66               (8.57)           43.08             42.67    
12 Paid up Equity Share Capital 468.00 512.17 468.00 512.17 512.17 512.17  
  (Face Value of  Share Rs. 10 each ) 10.00 10.00 10.00 10.00 10.00 10.00  
13 Reserves Excluding Revaluation Reserves         644.11    
14 Earning per Share ( EPS )         #REF!  
  Diluted EPS for the Period         644.11 0.00  
  ( a ) Basic & Diluted EPS before extraordinary items   (0.07) 0.19 (0.18) 0.84 0.83 1169.72  
  ( b ) Basic & Diluted EPS after extraordinary items   (0.07) 0.19 (0.18) 0.84 0.83    
15 Public Shareholding              
  (a) No. of Shares 1997375 2438451 1997375 2438451 2433901 2438001  
  (b) Percentage of shareholding 42.68% 47.61% 42.68% 47.61% 47.52% 47.60%  
Notes : 
(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 January 30, 2008.
(2) The above figures have been regrouped, rearranged wherever necessary.
(3) The Company's operations fall under single segment namely " Computer Software and Services Exports".
(4)  There were no investor complaints pending on 01/09/2007 & 2 complaints were received during the 
      Quarter ended 31st December,2007 which were duly attended to.
(5) The statutory Auditors of the company have carried out a Limited Review of the  Accounts for the Quarter  
     ended on 31st December, 2007
(6) The paid-up Equity Share Capital is reduced from 512.17 Lacs to 468.00 Lacs on account of Buy-back of shares.
Place : Rajkot For and on behalf of the Board
Date   : 30-01-2008
Vikram B. Sanghani
Jt.Managing Director