MUMBAI: Videsh Sanchar Nigam Ltd (VSNL) has posted a net profit of Rs 268.4 crore in the third quarter of fiscal 1998-99. Total income from operations stood at Rs 1781.2 crore. As this is the first year of the company declaring quarterly results, a comparative picture vis-a-vis the performance of the company in the corresponding period of the previous year is not available. The other income of the company is Rs 3.23 crore while the expenditure incurred during the quarter was Rs 1363.3 crore and in the absence of any interest earned, the gross profit of the company stood at Rs 417.9 crore. Depreciation was Rs 20.5 crore and the provision for taxation Rs 129 crore.

Bombay Dyeing profit of Rs 3.11 cr in Q3

MUMBAI: Bombay Dyeing, the Wadia flagship company, has recorded a net profit of Rs 3.11 crore for the quarter ended December 1998 on the back of higher other income. Sales stood at Rs 199.25 crore only slightly higher than expenditure at Rs 189.53 crore. Therelatively higher other income of Rs 25.26 crore propped up the bottomline. Gross profit after interest (before depreciation, voluntary retirement scheme and taxation) was Rs 17.23 crore for the quarter ended December 31, 1998. Interest for the period stood at Rs 17.75 crore, said a company release which did not provide figures for the previous period. Depreciation for the third quarter stood at Rs 12.97 crore while Rs 1.05 crore was provided as voluntary retirement compensation. Total revenue was Rs 224.51 crore. Paid-up equity share capital stood at Rs 41 crore. Net profit for the 9-months ended December 31, 1998 was Rs 14.27 crore on a sales turnover of Rs 647.12 crore. Other income during the period was Rs 67.58 crore.