Aludra Reports Record Quarterly Revenue and Profit Results for Q1 F2001
Toronto, Ontario
Aludra Inc. (CDNX: YAD), The Technology and Imagination Solutions Company, reports its financial results for its first fiscal quarter ended Aug. 31, 2000.
A provider of innovative e-Business solutions, Aludra reported the continuation of the company's track record of revenue and earnings growth. The Company
posted a record $596,180 in revenues for the first fiscal quarter, an increase of over 40% over revenues of $423,298 for the same period a year ago. Earnings
(EBIT) amounted to $189,517, an increase of 37% from the $137,635 reported for the corresponding period in fiscal 2000. Net income increased 20% from
$94,135 or $0.010 per share for Q1 in fiscal 2000, to $113,717 or $0.012 per share for Q1 in fiscal 2001. Increased profitability was largely attributable to higher
sales in e-Business services, a reflection of the Company's steady advancement of technological skills and robust e-Business development platform.
Commenting on these results, Aldo Baiocchi, President and CEO of Aludra, said, ``By every measure this was a milestone quarter for Aludra. We not only became
a public company, but we are excited about our broadening client opportunities, having recently assisted 4 new clients in launching their e-Businesses in the quarter.
Aludra continues to perform and grow in accordance with its strategic focus upon the e-marketplace. This quarter has started right on track, placing Aludra in a
position to produce another strong year.''
``Aludra has shown consistent profitability since inception, reporting accelerated revenue growth that has quadrupled over the last three fiscal years,'' stated
Raymond Rabbani, CFO of Aludra. ``Our business model is based on the delivery of competitive value to our customers, strong management fundamentals and
ongoing investments in our technology platform strategy that we believe will enable Aludra to continue to expand rapidly. Aludra's goal is to continue to improve
profitability while continuing to outpace the industry growth rates.''
About Aludra
Aludra Inc. is a Toronto-based Technology and Imagination Solutions Company that is ranked among Canada's Fastest Growing Startups as published by PROFIT,
The Magazine for Canadian Entrepreneurs (Sept.2000 issue). As an e-Business full service provider, Aludra delivers innovative e-Business services using new and
emerging technologies to a growing corporate client base. Focused on the development of proprietary technologies through its research and development efforts,
Aludra is well known for its multimedia creativity, digital animation, flexible programming technology and its flagship product, Aludra Suite, version 1.1. Specifically
designed to reduce cost of outsourcing and deliver competitive advantage, this modular suite of integrated, Web-based products enhances information access,
provides transaction tools, data hosting and fully integrated front/back-office customer relationship management. Aludra combines this modular offering with
implementation services and strategic alliances to enable client companies to establish sustainable e-business in the fast-growing Internet marketplace.
For further information, please refer to Aludra's corporate Web site at www.aludra.com or contact Aldo Baiocchi, CEO, at (416) 658-0034 ext.103, e-mail:
ab@aludra.com, or Investor Relations at (416) 656-7640, ext.114.
