SSTL posts Q2 net loss of Rs 657.6 cr, revenue up 164 pc
Sistema Shyam TeleServices Ltd (SSTL), which operates telecom services under the MTS brand, today reported a net loss of Rs 657.6 crore for the second quarter ended June 30, 2011.
The company had posted a net loss of Rs 661.3 crore for the same quarter of the previous fiscal, SSTL said in a statement.
SSTL's revenues rose to Rs 278.2 crore in the April-June quarter of FY'12, up 164 per cent from Rs 105.5 crore in the same quarter last fiscal.
The company said overall revenues have continuously grown by over Rs 40 crore per quarter over the last four quarters.
"In spite of the continued challenges faced by the telecom industry in India, SSTL is on track to successfully execute its data-centric, voice-enabled strategy," SSTL President and Chief Executive Officer Vsevolod Rozanov said.
Non-voice revenues from both data and mobile value-added services for the quarter were up 36 per cent quarter-on-quarter at Rs 79.69 crore, contributing 29 per cent of the company's total revenue.
Source
Commis II Indian - Jobs in India