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Reliance Communications’ Q1 consolidated net profit rises by 3%

13 Aug 2012 Evaluate

Reliance Communications has reported results for first quarter ended June 30, 2012.

On standalone basis, the company has reported a net loss of Rs 252 crore for the quarter ended June 30, 2012 against net loss of Rs  272 crore for the corresponding period last fiscal. Total income decreased by 6.93% at Rs 2794 crore during the quarter under review from Rs 3002 crore in the year-ago period.

On consolidated, the company has reported a rise of 3.18% in net profit of Rs 162 crore for the quarter ended June 30, 2012 against net profit of Rs 157 crore for the corresponding period last fiscal. Total income increased by 7.54% at Rs 5319 crore during the quarter under review from Rs 4946 crore in the year-ago period.

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