Ramco Systems Q2FY07 Results

Ramco Systems Ltd has announced the following Unaudited results for the quarter ended September 30, 2007:

The Company has posted a net loss of Rs 52.286 million for the quarter ended September 30, 2007 as compared to net loss of Rs 35.916 million for the quarter ended September 30, 2006. Total Income has decreased from Rs 253.821 million for the quarter ended September 30, 2006 to Rs 232.051 million for the quarter ended September 30, 2007.

The Consolidated Results (under AS 21) are as follows:

The Group has posted a net profit of Rs 2.269 million (USD 0.06 million) for the quarter ended September 30, 2007 as compared to net loss of Rs 36.685 million (USD 0.79 million) for the quarter ended September 30, 2006. Total Income has decreased from Rs 599.179 million (USD 13.02 million) for the quarter ended September 30, 2006 to Rs 567.663 million (USD 14.06 million) for the quarter ended September 30, 2007.