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RCOM reports a 5.88 per cent increase in consolidated net profit for the quarter ended June 2016

September 15, 2016
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Reliance Communications (RCOM) has reported a 5.88 per cent increase in its consolidated net profit, from Rs 0.51 billion during the quarter ended June 2015 to Rs 0.54 billion during the quarter ended June 2016. This can be attributed to a decline of 4.84 per cent in the company’s total expenses, from Rs 48.55 billion to Rs 46.31 billion during the same period. However, the finance costs of the company increased from Rs 7.17 billion to Rs 7.95 billion.

Meanwhile, the total income of the company declined by 4.75 per cent from Rs 55.7 billion during the quarter ended June 2015 to Rs 53.61 billion during the corresponding quarter in 2016.

 
 
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