• PAGE ONE
• INDEX
• HOME

Satyam Info posts higher revenues

Our Bureau

CHENNAI, April 8

SATYAM Infoway Ltd, the Internet access and e-commerce company, has reported revenues of Rs. 67.10 crores for the year ended March 31, 2000, as compared to Rs. 10.30 crores in the previous year.

After incurring customer acquisition and brand building costs, the company's loss before interest, depreciation, amortisation and tax was Rs. 20 crores, as compared to Rs. 11.10 crores the previous year.

The USGAAP results reflect the consolidation of the results of IndiaWorld Communications from and after November 29, 1999. Satyam Infoway acquired 24.5 per cent in IndiaWorld last year, and has the option to acquire the balance before September 30, 2000.

According to a company statement, Satyam Infoway's Internet access revenues accounted for Rs. 35.20 crores, representing 52.4 per cent of the total revenues. The subscriber base was at 1,51,000 at the end of the financial year, as compared to 28,000 subs cribers at the end of the previous year.

The online portal business recorded 51 million page views per month in March _ 28 million page views on satyamonline.com and 23 million page views on indiaworld.com.

The statement added that the company had undertaken various initiatives to build the business, including alliances for delivering Net access through cable TV in Calcutta and Jamshedpur, alliances for online banking, stock trading, healthcare, travel, and shopping, language editions, and B2B portals.