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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (8055)	10/11/1999 8:09:00 AM
From: Mohan Marette	of 12475

Silverline targets ADR launch in 2000 Q1 BOMBAY, Oct 11 (Reuters) - Indian software firm Silverline Industries Ltd was aiming to launch its American Depositary Receipt (ADR) in the first quarter of calendar year 2000, the company's executive director Kumar Subramaniam told a news conference on Monday. The company expected its 1999/2000 (April-March) net profit at about 780 million rupees on revenue of about three billion, Subramaniam said. These projections were based on figures yielded after a planned acquisition of group firm the U.S.-based Silverline Technologies, he said. ``The earnings per share (EPS) will rise to about 12 rupees on an equity base of 645 million rupees compared to EPS of 10 rupees on an equity base of about 380 million rupees,' Subramanian said

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