Monday, November 29, 1999

RComm Q4 net drops 20%

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Anil Ambani-led Reliance Communications (RComm) has witnessed 20% decline in its net profit to Rs1,220 crore for the quarter ended Match 31, 2010, compared with Rs 1,516 crore in same quarter last year.Profit for the year-ended March 31, 2010, dipped 23% to Rs 4,655 crore compared with Rs 6,045 crore, the previous year.However, on a sequential basis, the company showed an improvement of 10% compared with a profit of Rs 1,108 crore in December 2009 quarter."The financial year 2010 has been one of the most challenging for the telecom sector. RComm has undertaken several path breaking initiatives both in GSM and CDMA services and we are confident that in spite of highly competitive environment, we will be able to sustain profitable growth in the coming quarters," said Anil Dhirubhai Ambani,chairman, RComm.Revenues plummeted almost 4% to Rs 22,132 crore for full year ended March 2010 quarter versus Rs 22,948 crore in the previous year. On a sequential basis, revenue declined to Rs 5,092 crore as against Rs 5,309 in December 2009 quarter.RCom has been more aggressive in cutting call charges than larger rivals like Bharti Airtel.Its minutes of usage, as an industry trend has gone, similar to operators like Bharti and Idea Cellular. Rcomm's MOU increased to 349 billion, up 26%, from 276 billion in last year.Average revenue per user per month (ARPU) in the current quarter slid to Rs 158, compared with Rs 244 in same quarterlast year.

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