GTL Q1 net dips 40 percent at 35 Crore
Wednesday, 28 July 2010, 14:54 IST
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New Delhi: Network engineering and IT services company GTL reported a decline of 40.40 percent in its consolidated net profit at Rs 35 crore for the first quarter ended June 30, over the same period last year. The company had a net profit after tax attributable to consolidated group of Rs 58.9 crore in the same quarter ended June 2009, GTL Ltd said in a filing to the Bombay Stock Exchange. Total income rose to Rs 614.5 crore for the April-June quarter, from Rs 510 crore for the same quarter previous fiscal. On the standalone basis, the company posted a net profit of Rs 22.4 crore in the April-June period, down 48.50 per cent over the same period last year. The selling and marketing expenses increased to Rs 16.67 crore in the current quarter from Rs 13.
Source: PTI
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