Consolidated Statements of Income - Source SEC K6
SATYAM INFOWAY LIMITED
CONSOLIDATED STATEMENTS OF INCOME
(Expressed in Indian Rupees, except share data and as otherwise stated)
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Three months ended December 31, Nine months ended December 31,
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1999 1999 1998 1999 1999 1998
Rs. US $ Rs. Rs. US $ Rs.
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(unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited)
<S> <C> <C> <C> <C> <C> <C>
Revenues:.............................. 184,682,108 4,244,590 22,013,765 392,909,169 9,030,319 57,372,490
Cost of revenues....................... (77,685,221) (1,785,457) (18,152,244) (184,795,363) (4,247,193) (31,549,258)
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Gross profit/(loss).................... 106,996,887 2,459,133 3,861,521 208,113,806 4,783,126 25,823,232
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Operating expenses:
Selling, general and administrative
expenses.............................. 171,158,559 3,933,775 52,473,324 380,365,208 8,742,018 133,653,386
Amortization of goodwill............... 28,998,120 666,470 - 28,998,120 666,470 -
Amortization of deferred stock
compensation expense.................. 6,162,079 141,624 - 6,644,118 152,703 -
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Total operating expenses............... 206,318,758 4,741,869 52,473,324 416,007,446 9,561,191 133,653,386
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Operating Profit / (loss).............. (99,321,871) (2,282,736) (48,611,803) (207,893,640) (4,778,065) (107,830,154)
Other (expense)/ income, net........... 27,589,206 634,089 (7,537,235) 7,501,249 172,403 (17,602,191)
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Profit / (Loss) before taxes........... (71,732,665) (1,648,647) (56,149,038) (200,392,391) (4,605,662) (125,432,345)
Income taxes........................... (716,599) (16,470) - (716,599) (16,470) -
Minority Interest...................... (850,924) (19,557) - (850,924) (19,557) -
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Net loss............................... (73,300,188) (1,684,674) (56,149,038) (201,959,914) (4,641,689) (125,432,345)
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Loss per Equity Share.................. (3.55) (0.08) (4.65) (11.61) (0.27) (12.45)
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Weighted Equity Shares used in
computing loss per equity share....... 20,643,962 20,643,962 12,065,427 17,401,245 17,401,245 10,074,768
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