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Sicagen India Ltd.

BSE: 533014 Sector: Others
NSE: SICAGEN ISIN Code: INE176J01011
BSE 00:00 | 07 Apr 11.00 1.48
(15.55%)
OPEN

9.54

HIGH

11.00

LOW

9.54

NSE 00:00 | 07 Apr 10.70 1.40
(15.05%)
OPEN

9.60

HIGH

10.90

LOW

9.60

OPEN 9.54
PREVIOUS CLOSE 9.52
VOLUME 2850
52-Week high 31.25
52-Week low 7.80
P/E 10.89
Mkt Cap.(Rs cr) 44
Buy Price 10.65
Buy Qty 100.00
Sell Price 11.00
Sell Qty 100.00
OPEN 9.54
CLOSE 9.52
VOLUME 2850
52-Week high 31.25
52-Week low 7.80
P/E 10.89
Mkt Cap.(Rs cr) 44
Buy Price 10.65
Buy Qty 100.00
Sell Price 11.00
Sell Qty 100.00

Sicagen India Ltd. (SICAGEN) - Chairman Speech

Company chairman speech

SICAGEN INDIA LIMITED ANNUAL REPORT 2008-2009 CHAIRMAN'S REPORT The global economic downturn of 2008-09-many commentators believe that the worst isn't over jet-has been deemed by many as perhaps the worst since the Depression of the 1930's. The linkages built rapidly by india with the global economy since the 1990's have ensured that, as the global economy has slowed. India's economy and businesses has also suffered, with earnings and revenues of many industry sectors actually falling from FY08 levels. That's why it gives us even greater pleasure to report that Sicagen's revenue from sales and services rose by 10% to INR 4.21 billion from INR 3.91 billion a year ago. The profit numbers were comparable with the previous year but for the skews of the significant rise in other income and an exceptional loss. The stimulus package-personal tax incentives coupled with aggressive government spending in the rural, housing, and infrastructure sectors- announced in the 2009-10 Union Budget should provide an upward fillip to the Indian economy. Given that our major business of building materials trading is a direct derivative of the infrastructure and housing sectors, we expect growth-it may be marginal-in overall revenue. In tough times like we currently face, our mix of businesses has actually helped reduce concentration risk-that happens when you put your eggs in one basket and focus only on one line of business. At the same time, we have been quick to move proactively with market conditions; we expect that our new business initiatives will improve our prospects in our core businesses of trading and marketing services. As we stand resolute in our commitment to growth by value-based management, we would like to thank our shareholders, customers, dealers, suppliers, employees, and business partners for their dedication and unstinting support. S Arumugam CEO