Ace Software Exports Limited
Regd. Off.: 801, Everest Comm. Complex, Opp.Shashtri Maidan, Rajkot - 360 001.
UNAUDITED FINANCIAL RESULTS
For the Quarter ended 30th June, 2002
							(Rs. In Lacs)
Sr.	Particular	Quarter Ended	Quarter Ended	Nine Months	Half year	Nine Months	Year Ended
No.		30-06-2002	30-06-2001	Ended	Ended	Ended	31-03-2002
		(Unaudited)	(Unaudited)	31-12-2001	30-9-2001	31-12-2000	(Audited)
1	Income From Operations	75.60	185.86				530.77
2	Other Income	17.72	5.19				28.94
3	Total Expenditure
	(A) (Increase)/Decrease in Stock	(6.06)	56.46				67.22
	(B) Contract Charges	14.06	18.73				77.77
	(C) Software Charges	33.13	42.51				139.93
	(D) Staff Cost	8.03	8.50				41.10
	(E) Other Expenditure	24.50	17.25				80.71
4	Interest	0.00	0.00				0.00
5	Depreciation & other w/off	12.33	11.95				51.06
6	Profit Before Tax	7.33	35.65				101.92
7	Provision For Taxation
	- Current	0.00 *	0.00				0.00
	- Deffered	0.00	0.00				2.55
8	Net Profit After Tax	7.33	35.65	0.00	0.00	0.00	99.37
9	Paid up Equity Share Capital	500.00	500.00	#REF!	#REF!	#REF!	500.00
	(Face Value per Share in Rs.)	10.00	10.00	#REF!	#REF!	#REF!	10.00
10	Reserves Excluding Revaluation Reserves						440.66
11	Basic & Diluted EPS for the	0.15	0.71	#REF!	#REF!	#REF!	1.99
	Period (Not Annualised)
12	Segment Capital Employed	939.76					947.66
13	Aggregate of non-promoter
	share holding
	(a) No. of Shares	2,995,455	3,013,800				2,996,455
	(b) Percentage of shareholding	59.91%	60.28%				59.93%
Notes :
(1) The above results were approved and taken on record at the meeting of the Board of Directors held
on July 23, 2002.
(2) The above figures have been regrouped. rearranged wherever necessary.
(3) The Co.'s operations fall under single segment namely " Computer Software and Services Exports"
(4) In accordance with the requirement of the new accounting standard AS-22 on "Accounting for Taxes
on Income" issued by The Institute of Chartered Accountants of India, provision for deferred tax for the
year ended 31st March, 2002 has been made for Rs. 2.55 lacs.
(5) A Final Dividend @ 5 % has been recommended after taking the above results on record by the Board
* Provision for tax, if any shall be made at the year end.
		FOR & ON BEHALF OF THE BOARD
	Place : Rajkot	Vikram B. Sanghani
	Date   : 23-07-2002	Jt. Managing Director