Tata Communications has reported its consolidated financial results under Indian GAAP for the year ended March 31, 2011. Consolidated revenues increased by 8 per cent to Rs 119.32 billion, from Rs 110.26 billion in the previous year.
The company?s operating profit (EBITDA) was up 21 per cent, at Rs 12.26 billion for 2010-11, as against Rs 10.12 billion for the previous year. The company reported a net loss of Rs 8.54 billion for 2010-11. The consolidated net loss for the year includes a loss of Rs 5.51 billion for the company?s effective 49.01 per cent holding in Neotel, South Africa.
The Board of Directors has recommended that 20 per cent dividend be payable this year.
