Friday, July 11, 2008

PUNCOM EXPECTS TURNOVER OF OVER RS 200 CRORE 08-09

State government owned Punjab Communications Ltd is looking to cross Rs 200-crore turnover mark, the highest in company's history, in 2008-09 on account of growing demand of its products in the field of telecommunication and IT equipment in the country.

"We are heading towards achieving record breaking turnover of Rs 200 crore during this financial year against the company's all time highest turnover of Rs 157.32 crore attained in 2001-02," Puncom, Head (Marketing) Deepinder Dhillon told PTI.

"This turnaround has happened because of the overhauling of company's product mix -o-keep up pace with new generation telecom and IT equipment and these measures resulted into magnificent growth in bulk orders with the support of marketing," he said.

The company's steep growth could also be gauged from the fact that it has clocked the highest ever turnover of Rs 115 crore in first quarter of this fiscal.

"The way we are growing we expect that the company will turn into profitable position in next quarter after a gap of 6 to 7 years," he asserted.

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