360° Coverage : Reliance Communications revenue rises 5 percent

Reliance Communications revenue rises 5 percent

Mumbai, Jan 23 (IANS) Reliance Communications Wednesday said its revenue increased five percent to Rs.5,301 crore in the third quarter of the current financial year as compared to Rs.5,055 crore recorded during the corresponding period of previous year.

Jan 23 2013, 8:11am CST | by

Reliance Communications revenue rises 5 percent
Photo Credit: INDRANIL MUKHERJEE, Getty Images

Mumbai, Jan 23 — Reliance Communications Wednesday said its revenue increased five percent to Rs.5,301 crore in the third quarter of the current financial year as compared to Rs.5,055 crore recorded during the corresponding period of previous year.

The company has posted a net profit of Rs.110 crore for the quarter ended Dec 31, 2012, as compared to a net loss of Rs.277 crore during the like quarter of previous year.

Reliance Communications total income increased to Rs.3,294 crore during the quarter under review as compared to Rs.3,007 crore recorded in the corresponding quarter of 2011-12, the company said in a regulatory filing to the Bombay Stock Exchange.

Share price of Reliance Communications closed 0.63 percent higher at Rs.88.10 at the Bombay Stock Exchange. Results were announced after the market closed.

IANS

Source: IANS

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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