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Saturday, November 12, 2011

Reliance Communications, RCom posted a 43.49% dip in net profit at Rs 252 crore for the second quarter that ended in September 2011.


 Reliance Communications, RCom posted a 43.49% dip in net profit at Rs 252 crore for the second quarter that ended in September 2011.
A man walks past a logo of Reliance Communications in Mumbai September 22, 2009. REUTERS/Arko Datta/Files
The Anil Ambani-led Reliance Communications has posted a 43.49% dip in net profit at Rs 252 crore for the second quarter that ended in September 2011.

The company, India's second biggest mobile operator by subscribers, had posted a net profit of Rs 446 crore at the end of the September quarter last year.

This is the ninth straight quarter during which the debt-laden telco has reported lower profits.

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