Business Daily from THE HINDU group of publications
Sunday, May 27, 2007
ePaper
Business Daily from THE HINDU group of publications Sunday, May 27, 2007 ePaper |
|
|
|
|
|
|
|
Info-Tech
-
Financial Performance Corporate Results - Telecommunications
Our Bureau
Mumbai May 26 Videsh Sanchar Nigam Ltd has reported an 18 per cent increase in net profit for the fourth quarter ended March 31, 2007. The company's `enterprise and carrier data' segment drove profitability during the quarter, making up for the reduced profitability of its wholesale voice business. Net profit for the quarter amounted to Rs 131.26 crore, up from Rs 111.48 crore in the corresponding year-ago period. Total income rose 14 per cent, to Rs 1,172 crore from Rs 1,029 crore. Revenue from the company's wholesale voice business rose modestly to Rs 574.24 crore (Rs 540.88 crore), while earnings before profit and tax from the business fell to Rs 132.6 crore (Rs 173.8 crore). Revenue from the enterprise and carrier data business rose to Rs 391 crore from Rs 311 crore. For the financial year 2007, the company's net profit dipped to Rs 468.6 crore from Rs 479.5 crore in the previous year.Total income amounted to Rs 4,254 crore, rising by 6 per cent (Rs 4009.7 crore). Total expenditure was 7.4 per cent higher as network costs and operating costs rose.
More Stories on : Financial Performance | Telecommunications | Videsh Sanchar Nigam Ltd
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2007, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|