Joined: 01/Sep/2007
Location: India
Online Status: Offline
Posts: 242
Posted: 29/Dec/2011 at 2:43pm
Any views on this stock now??? As the company will announce the full year consolidated results along with December 31, 2011 quarter results... The company paid Rs.8 dividend last year...
The financial year has been changed to 9 months ending December 31, 2011 to align with SourceHOV...
Joined: 01/Sep/2007
Location: India
Online Status: Offline
Posts: 242
Posted: 29/Dec/2011 at 2:45pm
Following were the key highlights of the company during the quarter.
The Merger: As of April 29, 2011 the Company completed merger of its indirect subsidiary HOV Services, LLC with SOURCECORP, Inc. The name of the combined entity is
SourceHOV, Inc. and is a Joint Venture (“JV”). The Company has a 27.2% financial interest in the JV.
The financial results of this JV for the three months period ended 30 September 2011 are:
Income increased by 12.3% to Rs. 608.63 Crs and EBIDTA increased by 21.7% to Rs. 118.89 Crs over the previous quarter ended June 30, 2011.
The financial results of the JV for the six months period ended 30 September 2011 are:
Income of Rs. 1,201.61 Crs and EBIDTA of Rs. 225.55 Crs.
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