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India's Reliance Comm shares fall on Dec quarter earnings

Source : REUTERS
Last Updated: Thu, Jan 24, 2013 03:50 hrs

MUMBAI, Jan 24 (Reuters) - Shares in India's Reliance Communications Ltd fell 3.3 percent in pre-open trade on Thursday, after India's No.3 mobile phone carrier by customers reported a second consecutive quarter of profit declines on Wednesday.

Consolidated net profit at the carrier, controlled by billionaire Anil Ambani, fell a sharper-than-expected 44 percent to 1.05 billion rupees ($20 million) for its fiscal third quarter ended December. (Reporting by Abhishek Vishnoi; Editing by Anupama Dwivedi(abhishek.vishnoi@thomsonreuters.com)




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