Aishwarya Telecom reports net consolidated profit of Rs 11.4 million for the quarter ended September 2012
November 23, 2012
Aishwarya Telecom has posted its financial results for the quarter ended September, 2012.
The company has registered net consolidated profit of Rs 11.4 million for the quarter ended September, 2012 as against a net loss of Rs 15 million for the corresponding quarter in 2011. This turn around is attributed to a substantial reduction in the operator's net expenses from Rs 101.1 million for the quarter ended September, 2011 to Rs 41.3 million for the quarter under review. The company's revenue declined by 46.5 per cent from Rs 92.1 million for the quarter ended September, 2011 to Rs 49.2 million for the quarter under review.
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