e6vk
 

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):
January 18, 2005

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 þ 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 þ

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

 

 

     On January 18, 2005, Sify Limited (“Sify”) announced its U.S. GAAP results for the fiscal quarter ended December 31, 2004. A copy of the press release was furnished as an exhibit to Sify’s report on Form 6-K filed January 18, 2005. Sify’s summarized unaudited results for the quarter ended December 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 statements on Form F-3 (File Nos. 333-101915 and 333-121047) and registration statements on Form S-8 (File Nos. 333-101322 and 333-107938).

Summarized Results:
(In $ million, all translated at $1 = Rs 43.27)

                                 
Description   Quarter ended     Quarter ended     Year ended  
    31 December     30 Sep     31 March  
    2004     2003     2004     2004  
Corporate services
   $ 12.13     $ 8.08     $ 11.05     $ 32.25  
Retail Internet access
     8.73       6.40       7.85       25.16  
Portals
     0.61       0.40       0.57       1.94  
Other
     0.38       1.56       0.42       5.39  
 
                        
Sales revenue
   $ 21.85     $ 16.44     $ 19.89     $ 64.74  
 
Depreciation and amortization
     (3.37 )     (3.23 )     (3.29 )     (13.22 )
Below EBITDA share of affiliates
     (0.20 )     (0.51 )     (0.15 )     (1.57 )
Profit on business sold/discontinued
     0.00       0.00       0.36       3.20  
Net interest
     0.28       0.35       0.24       1.06  
Tax
                                
 
                        
Net income/(loss)
   $ (2.20 )   $ (2.37 )   $ (1.07 )   $ (8.58 )
Net income/(loss) $/share
   $ (0.06 )   $ (0.07 )   $ (0.03 )   $ (0.25 )

 

 

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, thereunto duly authorized.

Date: January 18, 2005

         
  SIFY LIMITED
 		  
  By:   /s/ Anil Ahuja    
    Name:   Anil Ahuja   
    Title:   Chief Financial Officer