United States
Securities and Exchange Commission
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):
April 21, 2004
Commission File Number 000-27663
SIFY LIMITED
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 o
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 o 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 19, 2004, Sify Limited (“Sify”) announced its U.S. GAAP results for the fiscal quarter and year ended March 31, 2004. A copy of the press release was furnished as an exhibit to Sify’s report on Form 6-K filed April 21, 2004. Sify’s summarized unaudited results for the quarter and year ended March 31, 2004 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, as amended, and incorporated by reference in Sify’s registration statement on Form F-3 (File No. 333-101915) and registration statements on Form S-8 (File Nos. 333-101322 and 333-107938).
Summarized Results:
(In $ million, all translated at $1 = Rs 43.40)
| Description | Quarter ended | Year ended | Quarter | |||||||||||||||||
| 31 Mar |
31 Mar |
ended 31 Dec |
||||||||||||||||||
| 2004 |
2003 |
2004 |
2003 |
2003 |
||||||||||||||||
Corporate services |
10.16 | 6.99 | 32.16 | 23.40 | 8.05 | |||||||||||||||
Retail Internet access |
7.47 | 4.77 | 25.08 | 15.54 | 6.38 | |||||||||||||||
Interactive services |
0.48 | 0.89 | 1.94 | 3.80 | 0.40 | |||||||||||||||
Others |
0.90 | 1.33 | 5.37 | 3.21 | 1.55 | |||||||||||||||
Sales revenue |
19.01 | 13.97 | 64.54 | 45.96 | 16.38 | |||||||||||||||
Depreciation & amortization |
(3.19 | ) | (3.09 | ) | (13.19 | ) | (13.94 | ) | (3.22 | ) | ||||||||||
Impairment of goodwill/assets |
0.00 | (1.00 | ) | 0.00 | (6.03 | ) | 0.00 | |||||||||||||
Depreciation/impairment in affiliates |
(0.64 | ) | (0.28 | ) | (1.56 | ) | (0.71 | ) | (0.50 | ) | ||||||||||
Profit on business sold/discontinued |
1.45 | 0.53 | 3.20 | 0.52 | 0.00 | |||||||||||||||
Net interest |
0.16 | 0.35 | 1.06 | 0.71 | 0.35 | |||||||||||||||
Tax |
0.00 | (0.21 | ) | 0.00 | (0.07 | ) | 0.00 | |||||||||||||
Net income/(loss) |
0.54 | (3.38 | ) | (8.55 | ) | (30.62 | ) | (2.36 | ) | |||||||||||
Net income/(loss) $/Share |
0.02 | (0.10 | ) | (0.25 | ) | (1.18 | ) | (0.07 | ) | |||||||||||
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: April 20, 2004
| SIFY LIMITED | ||||||
| By: | /s/ R. Ramaraj | |||||
| Name: | R. Ramaraj | |||||
| Title: | Chief Executive Officer | |||||
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