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​​Sistema Q4 Net Loss Widens On Costs, Revenue Strong

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Sistema Shyam Teleservices’ (SSTL) net loss for the fourth quarter widened from a year earlier, hurt by higher sales and marketing costs and forex losses, but revenue rose 17% as subscribers used more of its premium data services.

For the October-December, net loss for the telco that operates under MTS brand came in at Rs481.4 crore as against a loss of Rs 445.5 crore in the same quarter of the previous year. Revenue was Rs350.8 crore compared with Rs299.6 crore a year back.

For the full year, net loss narrowed sharply to Rs1,638 crore from Rs2,694.2 crore in 2013, while revenue rose 10%.

“During the quarter, our non-voice revenues grew by 11.5% thereby contributing 47% of the total revenues, the highest in the industry,” Dmitry Shukov, Chief Executive Officer of SSTL, said in a statement. Original post at ET Telecom

Wahengbam Rorrkychand

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