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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (5862)	8/25/1999 10:29:00 PM
From: Mohan Marette	Read Replies (1) of 12475

HCL Info Net jumps 123% The turnover of HCL Infosystems Ltd for the year ended June 1999 increased 35% to Rs9.50bn from Rs6.99bn. Its profit after tax rose 123% to Rs585.2mn compared to Rs261.3mn over a year. "The board of directors has recommended a 25 percent dividend," a company statement said. According to Ajai Chowdhary president and chief executive officer of HCL Infosystems, "The company's performance in 1998-99 is built on strong fundamentals wherein we have identified and oriented the business towards key growth areas. Electronic commerce has emerged as a key growth area and we are well-positioned to harvest the potential of this huge opportunity."

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