Bharti Airtel profit slides 37 pct on higher costs
MUMBAI, India, Aug 08 (AP/UNB) - Bharti Airtel says its quarterly profit fell 37 percent on rising costs in India's hypercompetitive telecom market. India's largest wireless operator says net income for the April-June quarter was 7.62 billion rupees ($141 million), down from 12.2 billion rupees ($272 million) a year earlier.
Revenues for the quarter were 193.5 billion rupees ($3.6 billion), up 14 percent from 169.7 billion rupees a year ago.
The stock fell 3.7 percent in morning trade in Mumbai.
Bharti has 261 million customers in 17 countries.
Revenues for the quarter were 193.5 billion rupees ($3.6 billion), up 14 percent from 169.7 billion rupees a year ago.
The stock fell 3.7 percent in morning trade in Mumbai.
Bharti has 261 million customers in 17 countries.
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