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RCOM posts consolidated net profit of Rs 1.02 billion for the quarter ended September 2012
Reliance Communications’ (RCOM) has posted consolidated net profit of Rs 1.02 billion for the quarter ended September 2012. For the corresponding period last year, the operator had reported consolidated revenue of Rs 2.52 billion.
For the quarter ended September 2012, RCOM’s consolidated revenues stood at Rs 52.02 billion and it recorded an earnings before interest, tax depreciation and amortization (EBITDA) margins of 31.5 per cent.
For the quarter ended September 2012, RCOM’s average revenue per user (ARPU) stood at Rs 102.
Commenting on the financial results, Gurdeep Singh, president and chief executive officer (wireless business), RCOM, said, “This was a satisfying and stable quarter, considering this quarter being a seasonally weak quarter for the industry. The fall (in net profit) was due to the payout for 3G spectrum and the rise in interest costs. These finance costs were not there in the year ago quarter.”
He further added, “We have successfully achieved revenues per minute (RPM) stability for the last 10 consecutive quarters amidst increasing competition and over-supply of minutes in the market place. During the reporting quarter the RPM stood at Re 0.43.”
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