MAHANAGAR TELEPHONE NIGAM LIMITED
Article Abstract:
Mahanagar Telephone Nigam Limited (MTNL), New Delhi, posted net profit of Rs107,302 lakh in 1997-98. MTNL floated 35,000,000 Global Depository Receipts (GDRs) representing 70,000,000 equity shares at an offer price of $11.958 per GDR in December 1997. (gsh) ------------------------------------------------------------ Unaudited Financial Results of Mahanagar Telephone Nigam Limited (Rs in lakh) ------------------------------------------------------------ Particulars 6 months 6 months 1997-98 ended ended FY Mar 98 Mar 97 ------------------------------------------------------------ Income from Services 236,167 199,825 457,773 ------------------------------------------------------------ Other Income 4,285 4,493 6,781 ------------------------------------------------------------ Total Expenditure 122,983 102,036 239,356 ------------------------------------------------------------ Interest 3,732 6,881 8,232 ------------------------------------------------------------ Gross Profit 113,737 95,401 216,966 ------------------------------------------------------------ Depreciation 30,913 24,487 57,089 ------------------------------------------------------------ Taxation 28,385 25,825 52,575 ------------------------------------------------------------ Net Profit 54,439 45,089 107,302 ------------------------------------------------------------ Paid-up share capital 63,000 60,000 63,000 ------------------------------------------------------------
Comment:
Posts net profit of Rs107,302 lakh in 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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KAVERI TELECOMS LIMITED
Article Abstract:
Kaveri Telecoms Limited of Bangalore has announced its unaudited financial results for first quarter ended June 30, 1998. (gs) --------------------------------------------------------- Unaudited financial results of Kaveri Telecoms Limited (Rs in lakh) --------------------------------------------------------- Particulars Quarter ended June 30 Year ended 1998 1997 31/3/1998* --------------------------------------------------------- Net sales 23.77 23.35 909.78 --------------------------------------------------------- Other income 1.16 0.80 10.20 --------------------------------------------------------- Expenditure 153.45 128.01 778.00 --------------------------------------------------------- Interest 13.11 7.65 55.07 --------------------------------------------------------- Post-interest gross profit -141.63 -111.51 86.91 --------------------------------------------------------- Depreciation 2.15 2.13 8.53 --------------------------------------------------------- Tax - - 1.35 --------------------------------------------------------- Net profit -143.78 -113.64 77.03 --------------------------------------------------------- Equity 417.62 414.82 417.62 --------------------------------------------------------- Reserves - - 99.27 --------------------------------------------------------- * : Audited ---------------------------------------------------------
Comment:
Posts net sales Rs909.78 lakh for year ended 3/31/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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MAHANAGAR TELEPHONE NIGAM
Article Abstract:
The Mahanagar Telephone Nigam Ltd made a turnover of Rs2,603.69 crore in the 6 months ended September 1998 (Rs2,241 crore in the same period of 1997). Its net profit was Rs674.86 crore (Rs528.60 crore). It holds the licence for basic telecommunication services in Mumbai and Delhi and controls over 4 million DELs, accounting for around 25 percent of India's DELs. The Mahanagar Telephone Nigam Ltd is installing a computerised system to cover all aspects of customer interface such as registration, billing and fault repair. It will also introduce call waiting in all exchanges, call transfer and abbreviated dialling, hotline and reminder call services as part of the Phone Plus facility. The Mahanagar Telephone Nigam Ltd also plans to introduce attractive tariff packages for its high-use clients. (tsm)
Publication Name: Dalal Street Journal
Subject: Business, international
ISSN:
Year: 1999
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