Advertisment

Reliance Communications posts Q1 profit

author-image
CIOL Bureau
Updated On
New Update

MUMBAI - India's top CDMA-based mobile services provider, Reliance

Communications Ltd
., on Monday reported a profit for the fiscal first

quarter as users surged and networks expanded in the world's fastest growing

wireless services market.

Reliance, which also provides fixed-line services, said it make a net profit

of 5.13 billion rupees ($110.3 million) for the quarter ended June 30, compared

with a loss of 2.5 billion in the same quarter a year ago.

Total revenue rose to 32.5 billion rupees from 22.8 billion.

tech-news