|
Chennai
21/10/2002
Eonour Technologies Limited, a Chennai based ISO 9001: 2000 certified
IT Solutions provider had an impressive performance during the second
quarter ended for the financial year 2002 - 2003, despite the slow down
in the global IT market. Subsequent to the acquisition of four technology
based companies, the Consolidated Total Turnover recorded by Eonour for
the second quarter was Rs.4689.64 Lacs and a consolidated net profit of
Rs.873.44 lacs.
Eonour technologies [non-consolidated] has achieved sales of Rs.2320 lacs
for the quarter ended 30th September 2002 as compared to Rs.1579.27 lacs
for the same quarter in the last year recording a growth of 46.90%. Compared
to the previous quarter figure of Rs.404.72 Lacs, Eonour made a Profit
After Tax of Rs.512.94 Lacs during the current quarter, recording a growth
of 26.74%. Eonour's consolidated sales including the four acquired companies
for the six months' period ended 30th September, 2002 stood at Rs. 9068.73
lacs with a Net Profit After Tax of Rs.1723.96 lacs.
The synergic acquisition has led to the inorganic growth of the company
as a whole.
The strategic acquisition has contributed Rs.2369.64 lacs to the topline
and Rs.360.50 Lacs as the bottom line for the Quarter ended 30th Sep 2002.
Eonour is a Chennai based total solutions provider with focus on enterprise
application integration (EAI) arena. With core expertise in Supply Chain
Management, eonour's suite of products addresses each aspect in the chain:
the supplier, logistics, manufacturer, distributor and customer.
Eonour's list of prestigious clients include: Hyundai Motors, L&T (LTM
Business Unit) Hero Honda Motors, Kinetic Engineering, Amara Raja Johnson
Controls, Hero Motors, PentaDaewha Auto Parts, Best Group International
Hong Kong, Legend Electronics Hong Kong.
Eonour's Clients such as such as Hyundai, UPS Singapore, Hero Honda are
repeat clients who have stayed with Eonour due to the quality deliveries.
The company's strategy for growth, other than widening its technology
and market base, includes inorganic growth through acquisitions in domestic
market. With this in mind, the company acquired four companies in the
domestic sector in the 2nd quarter of 2002-2003, which will enhance its
presence in the existing line of business.
The Eonour has become a complete end-to-end solution provider by gaining
strengths in system integration. These acquisitions also allow access
to a variety of blue-chip clientele of the acquired companies across industry
segments, ranging from financial institutions, shipping companies, other
major corporates. The existing client base of Eonour will get strengthened
by addition of blue chip clients of the acquired companies across industry
segments ranging from financial institutions, shipping companies, major
corporates and many more.
To name a few, Indian Bank, ICICI Bank, SBI, TI group, British Airways,
Jet Airways, United Airways, Berger Paints, IOC, Balmer and Lawrie, GE
Shipping, HLL, TTK LIG, Schlumberger, Shasun Chemical, SRF Ltd, Cairn
Energy, CMC, Emery World Wide, Larsen and Toubro, Maersk Shipping, SAF
Express, Stock holding Corporation, TCS, WTI advanced Technology Ltd,
Corporation Bank, Dena Bank, IOB, KVB, Karnataka Bank, PNB, SBI, The Nedungadi
Bank, British Airways, Cathay Pacific Airways, Emirates Airlines, Indian
Airlines, Lufthansa Airlines, GRT Hotels, Le Royal Meridian, Anna University,
Integral Coach Factory.
Eonour envisages a broader business scope and better market penetration
with mergers and acquisitions in the future.
Eonour has been concentrating on South East Asia and Domestic Markets
for its business. In South East Asia, Eonour has been focusing mainly
on offering Software Solutions in the field of Supply Chain Management
(SCM).
For further details please contact:info@eonour.com
|