Sistema Shyam TeleService Limited (SSTL) reported a net loss of Rs 6.05 billion during the fourth quarter ended December 31, 2010.
Consolidated revenues of the company rose to Rs 1.93 billion during the October?December period, against Rs 0.66 billion in the same quarter previous year, registering a growth of 192 per cent.
Currently, the company?s consolidated debt towards banks and financial institutions stood at Rs 55.70 billion.
For the full year ended December 31, 2010, the company has posted a net loss of Rs 21.68 billion, against Rs 12.56 billion in the same year ago period.
However, revenues of the company rose to Rs 5.23 billion for 2010 year against Rs 1.76 billion in the same period last year.
