Monday, June 08, 2009

ACCENTIA UPS DIVIDEND DESPITE CRUNCH

Joe A Scaria, Thiruvananthapuram, June 8, 2009
The Economic Times (Bangalore edition)

Healthcare receivables cycle management (HRCM) player Accentia Technologies, operating from the Technopark here and other centres, has recommended a final dividend of 20% for 2008-09. Company officials said the good performance in 2008-09 was achieved despite the global recession that had forced many BPO/KPO companies to take extreme measures including large-scale pink slips and cost cutting.

Accentia Technologies CEO Pradeep Viswambharan said the performance in 2008-09 showed there was room for hope even in adversity. He said the company’s net sales and net profit had increased from Rs 51.90 crore and Rs 14.86 crore respectively in 2007-08 to Rs 80.46 crore and Rs 24.55 crore respectively in 2008-09.

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