ITI reports a reduction in losses for the quarter ended June 2014
August 14, 2014
Indian Telephone Industries (ITI) Limited has reported a 14.70 per cent reduction in losses from Rs 1.21 billion for the quarter ended June 2013 to Rs 1.036 billion for the quarter ended June 2014. This reduction in net losses occurred on account of 23.15 per cent decline in net expenses from Rs 2.22 billion to Rs 1.70 billion in the same time period. Meanwhile, the company’s revenues from operations decreased by 17.70 per cent from Rs 1,178.4 million in April-June 2013 to Rs 969.8 million in April-June 2014.
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