Mauritius’ Bharat Telecom eyes greater profitability in fiscal ending 31Mar15
Mauritius ICT major Bharat Telecom Ltd has witnessed an increase in revenue from its operations for the nine months ended December 2014 by a whopping 89% to Rs 27.411 million from Rs 14.530 million in the corresponding period last year. However, the company’s total comprehensive loss also increased by 7.6% to Rs 61.905 million, as compared to Rs 57.516 million for the corresponding period last year.
For the nine months ended December 2014, operating expenditure increased by 21% to Rs 43.09 million as compared to Rs 35.49 million for December 2013.
Besides, depreciation and amortization cost increased by 26.5% to Rs 46.224 million compared to Rs 36.561 million for the same period last year.
For their part, total equity and liabilities were set at Rs 190.7 million at the end of December 2014, which is a net decrease of 15% compared to the audited figure of Rs 224.9 million recorded as at end of March 2014.
On the assets side, cash and cash equivalents were set at Rs 2.609 million as at December 2014, which represents a marginal decline compared to Rs 2.666 million as on December 2013.
However, despite prevailing conditions remaining challenging, forecasted profitability for the present financial year is expected to be an improvement over last year’s.
In the meantime, the quarter has seen some interesting developments in terms of infrastructure roll out.
Bharat Telecom has started coverage in the North area, comprising Morc. St Andre, Pointe aux Biche, Trou aux Biches, Plaines des Papayes and surrounding areas.
Work is still in progress, though slower than expected due to the adverse climatic conditions which prevailed, but is planned to be over by the end of June this year.
Furthermore, according to Bharat Telecom, they are working on a strategy to connect all the shopping malls in Plaine Wilhems and other areas.
According to their financial statement, Bharat Telecom has already provided connectivity in a big shopping mall on the island and is negotiating with the other groups for connectivity in other malls and their new projects as well.
Finally, in term of marketing, they are doing road shows on a daily basis in order to increase leads for sales and to educate potential customers.
Moreover, they are maintaining frequency of communication on social media networks and have increased the number of channel partners to be close to customers. Management also notes that the telecom major has increased bandwidth capacity to provide a higher quality of service in order to satisfy its subscribers.
It may be noted that the company is involved in information, communication, technology and computer related activities, with focus on providing FTTH (Fibre-to-the-home) services in the telecommunications domain.
About Bharat Telecom Ltd:
Bharat Telecom Ltd (BTL) is a public limited company incorporated in Mauritius in August 2010 and listed on the Development & Enterprise Market (DEM) of the Stock Exchange of Mauritius since July 2012.
BTL is the first industry player to provide FTTH (Fibre to the Home) service to households in Mauritius. Amongst other services, IPTV and High Speed Broadband Internet will be introduced on this platform by the company.
BTL has the vision to connect every home and office in Mauritius with a fibre network.