Financial Daily from THE HINDU group of publications
Friday, Feb 01, 2002
Financial Daily from THE HINDU group of publications Friday, Feb 01, 2002 |
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Telecommunications Corporate Results - Telecommunications MTNL net down 31.2% Our Bureau
NEW DELHI, Jan. 31 MAHANAGAR Telephone Nigam Ltd (MTNL) has reported a 31.2 per cent decline in net profit for the third quarter of the current fiscal. The company has registered a net profit of Rs 328 crore during the October-December period as against a net profit of Rs 477 crore during the same period last year. Net income from services was Rs 1,650 crore, up 12.3 per cent from Rs 1,469 crore during the same period last year. According to the company, the decline in net profit was mainly on account of a sharp increase in taxes, amounting to Rs 127 crore as against Rs 51 crore last year.
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