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MUMBAI:
The Board of Directors of MTNL have taken on record the Unaudited
Financial Results for the 2nd quarter ended on 30 September, 2007
MTNL has made an impressive performance during this quarter-ended
30 September, 2007 despite on going strong competition from other
operators and also downward revision of port charges etc based on
regulatory changes. MTNL has generated net income from services
during the second quarter of 2007-08 of Rs.11985.25 million as compared
to Rs. 11956.87 for the previous quarter ending 30 September, 2007
and Rs.12190.24 Million during the corresponding quarter of previous
year ended on 30.09.2006.
As
compared to the corresponding quarter of the previous year there
is an increase in income from Mobile services from Rs.1891.36 Million
to Rs.2188.99 Million i.e. by Rs.297.63 Million which is equivalent
to 15.74 per cent.
The
staff expenses during this quarter ended on 30 September, 2007 has
gone down from Rs.4655.83 Million to Rs.4284.51 Million i.e. by
Rs.371.32 Million as compared to the corresponding quarter of the
previous year ended on 30 September, 2007 This is mainly due to
VRS, which was implemented in the year 2005-06 & 2006-07.
The
Administrative/Operative expenses during the current quarter ended
on 30 September, 2007 has increased from Rs.2316.70 Million to Rs.2537.08
Million i.e. by Rs.220.38 million as compared to the corresponding
quarter of the previous year. This increase of 9.52 per cent is
mainly due to increase in Internet bandwidth charges and in provision
of Sundry Debtors (on account of Cloned calls besides normal provisions).
MTNL
has earned a net profit of Rs.947.81 Million during this quarter.
During this quarter, there has been a tremendous increase in the
Cellular subscriber base as MTNL has added a total of 163309 cellular
subscribers and total cellular subscriber had increased to 2772120
as on 30 September, 2007.
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