RCOM Announces its Financial Results for the Financial Year Ended March 31, 2008

Reliance Communications's picture
Printer-friendly versionPrinter-friendly version

RELIANCE COMMUNICATIONS (RCOM) ANNOUNCES ITS FINANCIAL RESULTS FOR THE FINANCIAL YEAR ENDED MARCH 31, 2008

NET PROFIT UP BY 70.8% TO RS. 5,401 CRORE (US$ 1,350 MILLION)

REVENUES HIGHER BY 31.8% AT RS. 19,068 CRORE (US$ 4,765 MILLION)

EBITDA HIGHER BY 43.3% AT RS. 8,199 CRORE (US$ 2,049 MILLION)

RCOM IS THE MOST PROFITABLE INTEGRATED TELECOM COMPANY IN INDIA

EBITDA MARGIN EXPANDS FROM 39.5% TO 43.0%, HIGHEST IN INDIA

BOARD APPROVES 15% DIVIDEND RCOM REMAINS THE ONLY LISTED TELECOM

COMPANY IN INDIA TO REWARD 2 MILLION SHAREHOLDERS

DIVIDEND PAYOUT OF RS. 181 CRORE

NET WORTH EXPANDS TO RS. 25,643 CRORE (US$ 6.4 BILLION)

AND NET DEBT-EQUITY RATIO PLACED AT A CONSERVATIVE 0.39 : 1

AGGRESSIVE NETWORK EXPANSION ACCELERATED WITH RS. 21,204 CRORE

(US$ 5.3 BILLION) CAPITAL EXPENDITURE DURING THE YEAR


FY 2008 CAPEX LARGEST IN INDIAN TELECOM SECTOR

ONLY COMPANY TO HAVE NATIONWIDE GSM & CDMA SERVICES IN INDIA
________________________________________________________________________

























Mumbai, April 30, 2008:Reliance Communications Limited (RCOM) today announced its audited consolidated financial results for the year ended March 31, 2008.

Highlights of the financial performance for the year are:

About Reliance Communications

Reliance Communications Limited founded by the late Shri. Dhirubhai H Ambani (1932-2002) is the flagship company of the Reliance Anil Dhirubhai Ambani Group. The Reliance Anil Dhirubhai Ambani Group currently has a market capitalization of over Rs. 3,00,000 crore (US$ 75 billion), net worth in excess of Rs. 55,000 crore (US$ 14 billion), cash flows of Rs. 11,000 crore (US$ 2.8 billion), net profit of Rs. 7,700 crore (US$ 1.9 billion) and zero net debt.

Rated among "Asia's Top 5 Most Valuable Telecom Companies", Reliance Communications is India's foremost and truly integrated telecommunications service provider. The company, with a customer base of over 48 million including over 1.5 million individual overseas retail customers, ranks among the Top 10 Asian Telecom companies by number of customers. Reliance Communications corporate clientele includes 1850 Indian and multinational corporations, and over 250 global carriers.

Reliance Communications has established a pan-India, next generation, integrated (wireless and wireline), convergent (voice, data and video) digital network that is capable of supporting best-of-class services spanning the entire infocomm value chain, covering over 15,000 towns and 400,000 villages. Reliance Communications owns and operates the world's largest next generation IP enabled connectivity infrastructure, comprising over 165,000 kilometers of fibre optic cable systems in India, USA, Europe, Middle East and the Asia Pacific region.

Financial Results:

http://www.rcom.co.in/webapp/Communications/rcom/Media/press_release_detail.jsp?id=299
Copy this html code to your website/blog to embed this press release.

Comments

Post new comment

5 + 0 =

To prevent automated spam submissions leave this field empty.