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MRO-Tek’s initiatives to better revenue

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CIOL Bureau
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BANGALORE: MRO-Tek Ltd., provider of networking and access solutions, has

announced a 35 per cent dip in revenues. It posted a Rs 81.27 crore revenue for

the financial year 2001-02 as against Rs 125.43 crore for the year

2000-2001.Company's profits also dipped by about 62 per cent as the company

posted a profit after tax of Rs 6.94 crore during 2001-02 as against profit

after tax of Rs 18.24 crore for the previous year.

As part of its new initiative, it plans to tie up with local companies in

Malaysia and Maldives and has also opened marketing offices in Mumbai, Delhi,

Hyderabad and Chennai.






MRO-Tek, chairman and managing director, S Narayanan, while making this
announcement in Bangalore said that the company has invested Rs 2 crore for

research and development and has been taking steps to improve the company

further.






"We has added new products to its portfolio and are in the process of going
into a joint venture with a Malaysian firm, Afintra", Narayanan added. The

company has also strengthened its ties with RAD Communications Israel by setting

up a R&D centre to jointly research and develop products





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