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Reliance Communications reports 33% fall in Q1 consolidated net profit

02 Aug 2013 Evaluate

Reliance Communications has reported results for the first quarter ended June 30, 2013.

The Company reported net loss of Rs 228.00 crore for the quarter against net loss of Rs 252.00 crore for the June quarter of the previous year.  However,Company’s total income grew by 6.69% at Rs 2981.00 crore for the quarter under review as against Rs 2794.00 crore for the corresponding quarter of the previous year.

On the consolidated basis, the Company has reported 33.33% fall in its net profit after tax Minority Interest and Share of Profit of Associates of Rs 108.00 crore for the quarter as compared to Rs 162.00 crore for the same quarter in the previous year. However, total income from operations of the company increased by 1.75% at Rs 5412.00 crore for quarter under review as compared to Rs 5319.00 crore for the quarter ended June 30, 2012

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