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HFCL net rockets 641% to Rs 62 cr in first quarter
Neeraja Kumar
New Delhi,July 24: Telecom major, Himachal Futuristic Communications Limited (HFCL), has declared its unaudited results for the quarter ended June 2000. The company's income from operations has increased by 228 per cent to Rs 253.87 crore from Rs 77.35 crore in the corresponding period last year. Net profit has also jumped by 641 per cent to reach Rs 61.72 crore, from Rs 8.33 crore last year.Meanwhile, the other income has also increased to Rs 20.92 crore from Rs 1.76 crore last year. According to the results, the other income has mainly increased due to an increase in the interest earned on investment of surplus funds. Earning per share has also improved to become 7.83 from 1.29 in June 1999. Expenditure has also gone up to Rs 200.74 crore from Rs 63.20 crore in the corresponding period last year. According to a release issued by the company, after considering the expenditure, the company's operating profit has jumped by 275 per cent to reach Rs 53.13 crore this year. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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