ttabsnl94: [TTABSNL] BSNL PROFIT OF 2008-2009

Friday, July 31, 2009

[TTABSNL] BSNL PROFIT OF 2008-2009

BSNL revenue at Rs 35.8 k cr

State-run BSNL declared a net profit of Rs 574.85 crore for the financial year 2008-2009. Total revenue of the company was Rs 35,811.92 crore for the same period. Explaining the poor performance, a statement released by the company stated, "The profit of BSNL declined mainly on account of increase in employees cost due to implementation of pay commission recommendations and decline in revenue of fixed line services." As earlier reported by FE, the telco pays as high as 26% of its revenue as salaries and wages to its employees compared to just 4.5% by the country's largest telecom operator Bharti Airtel

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