Business Daily from THE HINDU group of publications
Thursday, Nov 01, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Nov 01, 2007 ePaper | Mobile/PDA Version |
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Info-Tech
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Financial Performance Corporate Results - Telecommunications
Our Bureau Mumbai, Oct. 31 Healthy growth across key business areas has enabled the Anil Ambani controlled Reliance Communications to post a 73.5 per cent rise in standalone net profit for the quarter ended September 30. The company has reported a net profit of Rs 801.24 crore for the quarter compared with Rs 461.72 crore recorded in the corresponding period a year ago. Total income has increased by 17.2 per cent to Rs 3,329.21 crore (Rs 2,838.72 crore). Broadband business, which achieved a revenue growth of 61 per cent to Rs 437 crore, grew fastest on a year-on-year basis. New orders booked by the business during the quarter grew by 27 per cent over the preceding quarter, said a news release from the company. On a consolidated basis, the net profit has jumped by 85.7 per cent to Rs 1,304.57 crore (Rs 702.34 crore) while net revenues climbed to Rs 4,578.53 crore (Rs 3,525.98 crore). Reliance Comm posts Rs 702-cr net in Q2 Wireless cards: Reliance Comm ties up with laptop cos Telecom cos offer common schemes for pre-paid, post-paid More Stories on : Financial Performance | Telecommunications | Reliance Communications Ltd
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