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Earnings reports

VSNL Ups Q2 Profits

MUMBAI -- International telecommunications major VSNL today announced its unaudited financial results for the quarter ended September 30, 2006.

The Company's revenues on a standalone basis grew by 5% for the quarter ended September 30, 2006 to Rs.1,005 Crores against Rs.961 Crores for the quarter ended September 30, 2005. Operating profits improved by 4% for the quarter ended September 30, 2006 to Rs.198 Crores against Rs.190 Crores for the quarter ended September 30, 2005.

Net profits of the Company increased by 18% to Rs.107 Crores for the quarter ended September 30, 2006 against Rs.91 Crores for the quarter ended September 30, 2005.

Videsh Sanchar Nigam Ltd. (VSNL) (NYSE: VSL)

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