galactic enterprises ltd Management discussions


GALACTIC ENTERPRISES LIMITED ANNUAL REPORT 2007-2008 MANAGEMENT DISCUSSION AND ANALYSIS Financial Results: 2007-2008 2006-2007 (Rs) (Rs) Profit/(Loss) before (1,11,162) (21,408) Depreciation & Tax Add: Depreciation 399 399 Provision for Taxation - - Profit/(Loss) after (1,11,561) (21,807) Depreciation& Tax Add: Brought forward (41,28,046) (41,06,239) Profit/(Loss) Balance (Loss) Carried Forward (42,39,607) (41,28,046) Operations: The company continues its role m Hie advisory capacity to manage its investment in its subsidiary companies, where it is continuing to see over 30% top line growth for the third year in a row The management is confident that the companys investment in its subsidiary will reap handsome returns in the long run. Prospects: In the coming year, your company will continue to participate m the management of its investment in Victoria Capital Ventures Ltd.. its wholly owned subsidiary.