RCom Q3 net surges 48% on wider subscriber base (The Hindu Business Line 1st Feb 2008)An expanded subscriber base and strong growth in the wireless business segment have propelled the country’s second largest telecom carrier, Reliance Communications Ltd, to register a 48.6 per cent rise in net profit for the third quarter ended December 2007.
The company’s net profit stood at Rs 1,373 crore against Rs 924 crore reported in the same quarter a year ago. Net revenues were up 29.8 per cent to Rs 4,874 crore (Rs 3,755 crore).
The company has bettered market estimates on the bottom-line growth. However, both the top-line growth and the standalone numbers of the company were lower than expected, said an analyst. More
The company’s net profit stood at Rs 1,373 crore against Rs 924 crore reported in the same quarter a year ago. Net revenues were up 29.8 per cent to Rs 4,874 crore (Rs 3,755 crore).
The company has bettered market estimates on the bottom-line growth. However, both the top-line growth and the standalone numbers of the company were lower than expected, said an analyst. More
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