Shyam Telecom reports significant reduction in losses during quarter ended June 2014

Shyam Telecom Limited reported a 63.85 per cent reduction in losses from Rs 25.70 million for the quarter ended June 2013 to RS 9.29 million for the quarter ended June 2014. The revenues grew by 37.16 per cent from Rs 622.31 million to Rs 853.60 million during the same period.

For its telecom products and services, it reported a loss of Rs 3.87 million for the quarter ended June 2014 against profits worth Rs 16.16 million for the corresponding quarter in 2013. The segment earned Rs 18.55 million in revenues during April-June 2014.