Bharti sees modest rise in net profit
January 22nd, 2010 - 1:36 pm ICT by IANSNew Delhi, Jan 22 (IANS) The price war in the telecom sector took its toll on Bharti Airtel which posted a net profit of Rs.2,209.8 crore (Rs.22.098 billion/$479 million) for the quarter ended Dec 31, a modest 2.4 percent rise from the same quarter last fiscal.
As per the US accounting methods, the company’s income grew a little over one percent in the October-December quarter to Rs.9,722.2 crore compared to Rs.9,633.4 crore in the last corresponding period.
The Bharti scrip rose to Rs.329.80 following the announcement, a rise of 2.37 percent over its previous close. It later slipped and was trading at a loss of 0.2 percent at Rs.321.50 around 11.30 a.m.
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Tags: accounting methods, airtel, net profit, New Delhi, price war, rs 2, scrip, telecom sector
