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Vertoz Advertising Ltd.

BSE: 535029 Sector: Others
NSE: VERTOZ ISIN Code: INE188Y01015
BSE 05:30 | 01 Jan Vertoz Advertising Ltd
NSE 00:00 | 24 May 192.30 -2.90
(-1.49%)
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Vertoz Advertising Ltd. (VERTOZ) - Chairman Speech

Company chairman speech

Dear Shareholders

Greetings of the Day!

At the outset I on behalf of entire Vertoz Family take this opportunity to thank allof you sparing your valuable time for this occasion. Further it gives me immense pleasureto present the 7th Annual Report of Vertoz Advertising Limited.

In last year 2017-18 Company has so many prestigious events done wherein our Companyconverted in to Public Limited Company from Private Limited Company and also got listed onNSE Emerge Platform. The listing has been very encouraging and we got huge response toour IPO and it was oversubscribed by around 4.32 times so there is a drastically growth.We once again thank all the subscribers and shareholders for this overwhelming success.

As all of you know that our country is going through transitional phase wherein so manytransformational changes like demonetization digitalization implementation of GST andother reforms have been undertaken by the Government in sequential manner. We are pleasedto inform you that Company has been able to successfully face the challenges appropriatelyand register respectable growth.

At this point in time I have the pleasure and privilege to share with you thehighlights of the year's performance and outlook for the next Year as mentioned below:

• Our total consolidated revenue for the year 2017-18 was 36.84 crores as comparedto 20.30 crores in the previous year i.e. 2016-17 which represents the growth of 81.45% inthe Financials.

• Our Earnings before Interest Tax Depreciation & Appropriations (EBIDTA)was 7.98 crores as compared to 5.07 crores in the previous year represented the growth of57.26% and altogether the profit after tax was 5.74 crores as compared to 3.06 crores inthe previous year represented the growth of 87.54%.

These growths have been achieved mainly due to impressive growth in turnover bettercost control. As they say growth / success in isolation is fluke therefore above saidnumbers are satisfactory for the financial year in question at the same time it givesbigger responsibility to perform equally good in the forthcoming financial years also. Andwe wish to ensure you that the team Vertoz is ready to undertake the challenge and weexpect to produce similarly impressive results in the coming years also.

Finally I am thankful to all our Stakeholders our Bankers our Investors our Vendorsand most importantly our customers for their trust and faith. I must acknowledge hugecontribution from entire team of Vertoz Advertising Limited who push its boundaries riseabove challenges and leave no stone unturned to achieve consumer satisfaction.

With Warm Regards

Hirenkumar Shah

Chairman & Whole-time Director