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Reliance Comm Q2 net down more than half

Posted on: November 3rd 2009 in Market News.

The Mumbai-based firm, which trails market leader Bharti Airtel, said net profit fell 51.7 percent to 7.40 billion rupees ($158 million) for its fiscal second-quarter ended in September, from 15.31 billion a year earlier. The company had to provide for foreign exchange losses of 2.83 bil…

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