Vindhya Telelinks Limited has reported profits of Rs 64.92 million for the quarter ended September 2014, as against the profits of Rs 120.54 million for the quarter ended September 2013. The revenues declined from Rs 2.37 billion in July-September 2013 to Rs 1.16 billion in July-September 2014. The earnings before other income and finance costs also witnessed a decline from Rs 211.38 million for the quarter ended September 2013 to Rs 86.90 million for the corresponding quarter in 2014.
For the cable business, Vindhya Telelinks reported an increase in its net profits from Rs 55.26 million for the quarter ended September 2013 to Rs 57.28 million for the quarter ended September 2014. However, the engineering, procurement and construction business division witnessed a decline in profits from Rs 41.66 million to Rs 26.65 million for the period under review.
