Reliance Communications , India's second-biggest mobile
phone carrier by subscribers, said on Saturday its fourth-quarter profit nearly
doubled - its first profit rise in 11 quarters - on sharply lower costs.
Reliance Communications, controlled by billionaire Anil
Ambani, said consolidated net profit rose to Rs 3.32 billion for the three
months ended March, from Rs 1.68 billion reported in the year-ago quarter.
Analysts in a Reuters poll of brokerages had on average
expected net profit of Rs 1 .43 billion for the company, which had 153 million
mobile customers at end-March.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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