Sistema Shyam Teleservices Limited (SSTL) has posted its results for the quarter ended September 30, 2013.
In the period under consideration, the company?s net loss stood at Rs 7.60 billion, owing to forex losses and business restructuring. In comparison, SSTL?s net loss stood at Rs 4.95 billion in the same period a year ago.
Meanwhile, SSTL?s revenues declined by close to 30 per cent to Rs 2.84 billion in the period under consideration, compared to Rs 4.04 billion in the same period a year ago. OIBDA losses during the quarter decreased to Rs 2.19 billion from Rs 3.54 billion.
