Idea Cellular has reported a 14.7% fall in first quarter net profit, hit by foreign exchange losses and the expiry of a 2% concession in licence fees for seven service areas. In the three months ended 30 June 2008 profit after tax wasUSD55.1 million (INR2.63 billion ), compared to INR3.09 billion a year earlier. Total revenues rose to INR21.78 billion from INR14.78 billion while EBITDA climbed from INR5.14 billion to INR7.2 billion. During the quarter Idea added 3.19 million new subscribers to its base to take the total to 27.19 million.
Wireless Federation » Idea Cellular Q1′08 profit falls by 14.7% (India)
Idea Cellular Q1′08 profit falls by 14.7% (India)
- July 25th, 2008
- 3:17 pm
