RCOM reports 8.9% EBITDA in Q1’09 (India)

www.WirelessFederation.com/news: Reliance Communications (RCOM) has reported its financial results  for the three months ended 30 June 2009, unveiled a rise of 8.3% in net profit. RCOM posted net profit of INR16.37 billion (USD342 million) for its first quarter of the 2009-10 fiscal year,  in comparison to INR15.12 billion a year ago. Revenue for this quarter mounted 15.5% y-o-y to INR61.45 billion, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose to INR24.52 billion, up 8.9% against the same period a year earlier.

Anil Dhirubhai Ambani, RCOM’s Chairman, said, ‘Successful commercial launch of nationwide GSM services and other new initiatives across all our businesses helped to drive profitable and sustainable growth at RCOM.’