Bharti Airtel Q4 net up 37%
0 views
Skip to first unread message
B. KARTHICK
Apr 25, 2008, 1:13:45 AM4/25/08
to Kences1
Bharti Airtel Ltd, India's top mobile operator, said on Friday
quarterly profit rose 37 per cent, beating forecasts as it added more
users in the world's fastest growing mobile market.
Bharti, in which Southeast Asia's top phone firm, SingTel, owns more
than 30 per cent, said net profit rose to Rs 1853 crore ($461 million)
under U.S. accounting rules in its fiscal fourth-quarter ended March
from 13.53 billion a year earlier.
A Reuters poll of 12 brokerages had forecast a net profit of Rs 1773
crore for the New Delhi-based firm, which had almost 62 million mobile
subscribers at end-March, up 6.8 million from end-December.
Shares in Bharti, India's fourth-most valuable firm at about $41
billion, fell 17 per cent between January and March, not as sharp a
loss as the benchmark index's 23 per cent fall.
quarterly profit rose 37 per cent, beating forecasts as it added more
users in the world's fastest growing mobile market.
Bharti, in which Southeast Asia's top phone firm, SingTel, owns more
than 30 per cent, said net profit rose to Rs 1853 crore ($461 million)
under U.S. accounting rules in its fiscal fourth-quarter ended March
from 13.53 billion a year earlier.
A Reuters poll of 12 brokerages had forecast a net profit of Rs 1773
crore for the New Delhi-based firm, which had almost 62 million mobile
subscribers at end-March, up 6.8 million from end-December.
Shares in Bharti, India's fourth-most valuable firm at about $41
billion, fell 17 per cent between January and March, not as sharp a
loss as the benchmark index's 23 per cent fall.
Reply all
Reply to author
Forward
0 new messages