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MUMBAI: International telecommunications major VSNL has announced its
unaudited financial results for the quarter ended September 30, 2006.
The company's revenues on a standalone basis grew by 5 per cent for the
quarter ended September 30, 2006 to Rs.1005 crores against Rs.961 crores for the
quarter ended September 30, 2005. Operating profits improved by 4 per cent for
the quarter ended September 30, 2006 to Rs.198 crores against Rs.190 crores for
the quarter ended September 30, 2005.
Net profits of the company increased by 18 per cent to Rs.107 crores for the
quarter ended September 30, 2006 against Rs.91 crores for the quarter ended
September 30, 2005.
Volumes in the company's wholesale voice and enterprise and carrier data
businesses continued to grow significantly; enterprise and carrier data revenues
grew 25 per cent on a quarter to quarter basis.
VSNL's revenues for the half year ended September 30, 2006 stood at Rs. 1,961
crores against Rs.1,890 crores for the six month period ended September 30,
2005. Net profits for the half year ended September 30, 2006 were Rs.195 crores.
During the quarter, the company announced a reduction in the prices of
International Private Leased Circuits and Internet Leased Lines by upto 25% and
40% respectively. VSNL also announced plans to build two submarine cable
systems. The company's plans have made swift progress with an MoU being signed
with Etisalat, Saudi Telecom, Telecom Egypt, and Telecom Italia sparkle for the
construction of the India-Middle East-Western Europe (IMEWE) cable system.
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