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|April 30, 1999||
MTNL reports 16.56 per cent rise in net profitMahanagar Telephone Nigam Limited has reported a net profit of Rs 13.17 billion during financial 1998-99, up 16.56 per cent compared with Rs 11.3 billion in 1997-98.
Income from services increased to Rs 52.46 billion from Rs 46.54 billion last year while other income also recorded a significant increase to Rs 1.97 billion from Rs 1247.4 million in 1997-98.
Gross profit stood at Rs 26.4 billion in 1998-99 from Rs 22.4 billion while provision for depreciation amounted to Rs 6.633 billion and that of taxation to Rs 6.59 billion.
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