Videsh Sanchar Nigam Ltd (VSNL) has posted a net profit of Rs 268.4 crore in the third quarter of fiscal 1998-99. Total income from operations stood at Rs 1,781.2 crore. As this is the first year of the company declaring its quarterly results, a comparative picture vis-a-vis the performance of the company in the corresponding period of the previous year is not available.The other income of the company stood at Rs 3.23 crore while the expenditure incurred during the quarter was Rs 1,363.3 crore, and in the absence of any interest earned, the gross profit of the company stood at Rs 417.9 crore.
Depreciation was Rs 20.5 crore and the provision for taxation Rs 129 crore. The paid-up equity of the company stands at Rs 95 crore while the annualised earnings per share is Rs 113.01. In fiscal 1997-98, VSNL recorded sales of Rs 6,436.1 crore and earned a net profit of Rs 967.9 crore.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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