BSNL net profit at $119 million

BSNL net profit at $119 million
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First Published: Thu, Jul 30 2009. 07 12 PM IST
Updated: Thu, Jul 30 2009. 07 12 PM IST
New Delhi: The state-run telecoms firm Bharat Sanchar Nigam Ltd (BSNL) on Thursday said its net profit for the year ended March 2009 stood at Rs5.75 billion ($119 million).
The unlisted company did not give comparable figures for the previous year, but said profit for 2008-09 financial year was lower due to an increase in employee cost and drop in revenue of its fixed line services.
BSNL had a total revenue of Rs358.12 billion for the financial year, it said in a statement after a board meeting.
On 16 July, the junior telecoms minister told the Parliament BSNL’s profit for the year to March 2009 had dipped to Rs1.04 billion on revenue of Rs349.37 billion.
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First Published: Thu, Jul 30 2009. 07 12 PM IST
More Topics: Company results | BSNL | Profits | PSU | Telecom |