NEW DELHI, Jan 30 (Reuters) - India's Mahanagar Telephone Nigam Ltd reported a quarterly net loss as staff costs rose and revenue fell.
The state-run firm, which operates in the New Delhi and Mumbai cities, said on Saturday it posted a net loss of 8.95 billion rupees ($193 million) for its fiscal third-quarter ended December, compared with a net profit of 530.98 million rupees in the year-ago quarter.
Total income fell to 9.19 billion rupees in the quarter from 11.25 billion rupees a year earlier.
Staff cost during the December quarter more than doubled to 13.36 billion rupees from 5.82 billion in the year-ago quarter.
($1=46.3 rupees)
(Reporting by Devidutta Tripathy)
((devidutta.tripathy@thomsonreuters.com; +91 98187 86430; Reuters Messaging: devidutta.tripathy.reuters.com@reuters.net)) Keywords: MTNL RESULTS/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The state-run firm, which operates in the New Delhi and Mumbai cities, said on Saturday it posted a net loss of 8.95 billion rupees ($193 million) for its fiscal third-quarter ended December, compared with a net profit of 530.98 million rupees in the year-ago quarter.
Total income fell to 9.19 billion rupees in the quarter from 11.25 billion rupees a year earlier.
Staff cost during the December quarter more than doubled to 13.36 billion rupees from 5.82 billion in the year-ago quarter.
($1=46.3 rupees)
(Reporting by Devidutta Tripathy)
((devidutta.tripathy@thomsonreuters.com; +91 98187 86430; Reuters Messaging: devidutta.tripathy.reuters.com@reuters.net)) Keywords: MTNL RESULTS/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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