506074 ARSHIYA Group (B2)
Arshiya is rapidly expanding its business capabilities through continuous internal development and aggressive acquisitions in complimentary space. Arshiya's key business entities currently include: Cyberlog Technologies (which provides global I.T systems, software development and business process outsourcing services), BDP India and Gulf (which provides shipping and global logistics services to its customers), Genco India (focusing exclusively on India's rapidly expanding retail market for their entire supply/demand chain management), and Arshiya's Knowledge Center (which will encompass specialised consulting services).
1. BDP – The Company is engaged in business of Air and ocean Freight-forwarding, Total Logistics, Heavy-lift and over-dimensional cargo andling expertise and Port and Off-site warehousing.
2. Genco – Focusing exclusively on India's rapidly expanding retail market for their entire supply/demand chain management,
3. Cyberlog Technologies – Provides global I.T systems, software development and business process outsourcing services.
4. Arshiya Logistics Infrastructure –
(i) Free Trade Warehousing Zones (FTWZ) West Zone (near JNPT, Mumbai), North Zone (near Delhi) by 2008
(ii) Investment in rakes for operation of container trains on a Pan – India basis using Indian Railway network by 2012.
(iii) FTWZ in Sohar, Oman to be commissioned by end 2010.
(iv) Connecting the Sohar FTWZ with the main freight centers of Middle East by mid 2012.
Arshiya International reported a phenomenal rise in standalone net profit for the quarter ended March 2008. During the quarter, the profit of the company rose 4.54 times to Rs 69.75 million from Rs 15.37 million in the same quarter previous year. The company posted earnings of Rs 1.26 a share during the quarter, registering 28.41% decline over previous year period.
Net sales for the quarter jumped 72.92% to Rs 634.99 million, while total income for the quarter jumped 85.13% to Rs 685.53 million, when compared with the prior year period.
During the quarter the company disclosed a rise in operating margin by 278.12 basis points to 6.71% on lower input cost. On the other hand, there has been decrease of 36.41% in interest charge to Rs 1.17 million and increase of 57.29% in depreciation charge to Rs 1.51 million over previous year period.
This work would be carried out in three stages, which would bring in the world-class facilities in industrial park development to India and Oman.