Vsnl Net Drops 74%

Videsh Sanchar Nigam (VSNL) has reported a 74.80 per cent drop in its net profit for the quarter ended June 30, 2003, to Rs 65.8 crore against Rs 261.20 crore for the quarter ended June 30, 2002.

Net sales from operations fell 39.08 per cent to Rs 836.40 crore for the quarter ended June 30, 2003 from Rs 1,373.10 crore for the corresponding period of the previous year.

Other income increased 69.90 per cent to Rs 89.9 crore from Rs 53.1 crore.