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Tamilnadu Telecommunication reports net loss of Rs 2.87 crore in Q1

27 Aug 2012 Evaluate

Tamilnadu Telecommunication has reported results for first quarter ended June 30, 2012.

On standalone basis, the company has reported a net loss of Rs 2.87 crore for the quarter ended June 30, 2012 against net loss of Rs 2.92 crore for the corresponding period last fiscal. Total income decreased by 42.76% at Rs 1.78 crore during the quarter under review from Rs 3.11 crore in the year-ago period.

Tamilnadu Telecommunications (TTL) incorporated in 1988, as joint venture of Telecommunications Consultants India (TCIL), a PSU fully owned by the Ministry of Communications, Government of India, and Tamilnadu Industrial Development Corporation (TIDCO), under the Government of Tamil Nadu.

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