Sify Limited Form 6-K Dated May 29, 2003
 

United States
Securities and Exchange Commission

Washington, DC 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
May 29, 2003

Commission File Number 000-27663

SIFY LIMITED

(Exact name of registrant as specified in its charter)

Not Applicable
(Translation of registrant’s name into English)

Republic of India
(Jurisdiction of incorporation or organization)

Tidel Park, Second Floor
No. 4, Canal Bank Road, Taramani
Chennai 600 113, India
(91) 44-254-0770
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20F [X] Form 40 F [ ]

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ ] No [X]

If “Yes” is marked, indicate below the file number assigned to registrant in connection with Rule 12g3-2(b). Not applicable.

 

 

     On April 17, 2003, Sify Limited (“Sify”) announced its U.S. GAAP results for the fiscal year ended March 31, 2003. A copy of the press release was furnished as an exhibit to Sify’s report on Form 6-K filed April 18, 2003. Sify’s summarized unaudited results for the quarter and fiscal year ended March 31, 2003 are set forth below. No change has been made in these results and the sole purpose of this filing is to cause the information below to be filed under the Securities Exchange Act of 1934 and incorporated by reference in Sify’s registration statement on Form F-3 (File No. 333-101915).

                                         
Description   Quarter ended   Year ended   Quarter ended
    31 March   31 March   31 December
    2003   2002   2003   2002   2002
Corporate Services
     6.38       4.15       21.37       16.82       5.44  
Retail Internet Access
     4.36       2.82       14.19       10.85       3.78  
Interactive Services
     0.81       1.04       3.47       4.36       0.93  
Others
     1.21       0.41       2.93       1.15       0.78  
Sales Revenue
     12.76       8.42       41.96       33.18       10.93  
Depreciation & Amortization
     (2.82 )     (3.19 )     (12.77 )     (20.34 )     (3.59 )
Impairment – Goodwill/Assets
     (0.91 )     —       (5.20 )     (109.77 )     —  
Depreciation/Impairment:
                                        
Affiliates
     (0.26 )     (0.04 )     (0.79 )     (0.42 )     (0.27 )
Profit – business sold/discontinued
     0.48       —       0.52       (0.93 )     —  
Net interest
     0.32       0.14       0.65       0.64       0.01  
Tax
     (0.19 )     —       (0.06 )     —       0.02  
Net Income / (Loss)
     (3.09 )     (8.59 )     (27.96 )     (151.53 )     (6.78 )
Net income/(loss) $/ADR
     (0.09 )     (0.37 )     (1.08 )     (6.53 )     (0.27 )

 

Signatures

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunder duly organized.

         
Date: May 29, 2003        
         
    SIFY LIMITED
    By:   /s/ T.R. Santhanakrishnan
       
        Name: T.R. Santhanakrishnan
        Title: Chief Financial Officer

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