The first quarter of 2006 witnessed a rise of 53% in revenue figures to Rs.38.56 billion – a far better picture when compared to the depressing 14% revenue growth of all GSM players! Additionally, the total industry is delving over cost-cutting measures to battle the rise in input costs, Bharti Airtel improved their logistics to fight the same. And the end result of being innovative? An eye-popping 48% jump in quarterly net profits to Rs.7.55 billion! Vindicates Sunil Mittal, Chairman & MD, Bharti Airtel, “The company has started the year well with strong operational & financial performance. Under the new management structure, we are confident that the growth momentum will be sustained.” To add to this, the recent deals it has signed, demonstrate the company’s relentless efforts to strive for growth. It inked a $1 billion network expansion agreement on August 24, 2006, with Ericsson.
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Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
