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Revenue of Aamra Networks Surges by 39%

Industry: ISP, Stock Market
Company: Aamra Networks Limited
Company Intelligence Tag: Business Insights

Aamra Networks Ltd witnessed a notable 39% year-on-year upswing in revenue from its IT support and software segment during the initial nine months of the ongoing fiscal year. Despite a modest 8% overall revenue growth, the company experienced a commendable 11.91% surge in net profit compared to the same period last fiscal year. While revenue from internet and Wi-Fi bandwidth sales marginally increased by 1.92%, earnings from EPZ projects encountered a decline of 19.58%.
Following the announcement of this promising financial performance, Aamra Networks’ share prices surged by 3.69% at the DSE, reaching Tk39.30 each. Unaudited financials revealed a revenue climb to Tk98.86 crore and a profit escalation to Tk22.53 crore from July to March of FY24. Notably, revenue from primary sources like internet sales and IT support and software services demonstrated growth, while EPZ project revenue declined.

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