MTNL posts a net profit of Rs.173.73 crore in Q4’08 (India)

www.WirelessFederation.com/news: Mahanagar Telecom Nigam (MTNL) posted a net loss of Rs 83.8 crore for the fourth quarter ended March 31, attributed to an increased staff costs in the period. The firm reports net profit of Rs 173.73 crore in the January-March quarter of 2007-08. “Staff cost during this year has gone up by Rs 4,61.1 crore, mainly due to merger of dearness allowance with basic pay, which was implemented with effect from January 1, 2007,” the public sector firm said. The total income dipped to Rs 1,287.16 crore in Q4 of FY’09 from Rs 1,448.83 crore in the same quarter of FY08.