Tata Communications net profit triples in Q3 (India)

www.WirelessFederation.com/news: Tax write-back and lower costs helped in the tripling of Tata Communications net profit in the third-quarter. INR2.81 billion has been gained by tax write backs compared with a tax expense of INR394.5 million a year earlier.

An increase from INR821.9 million to INR2.82 billion has been recorded in the net profit for the October-December period. While the Revenue fell 23% to INR7.70 billion from INR9.99 billion. Total costs slipped 12% to INR7.66 billion from INR8.74 billion.