Shyam Telecom announced that the loss for the quarter ended December 2008
has narrowed. During the quarter, the loss of the company declined to Rs
19.59 million compared with a loss of Rs 28.86 million in the same quarter
previous year.

Net sales declined marginally 35.37% to Rs 416 million, while total income
for the quarter fell 32.72% to Rs 435.28 million, when compared with the
prior year period.

The company reported loss of Rs 1.74 a share during the quarter compared
with loss of Rs 2.56 a share in prior year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
*%Change* *Net Sales* 415.91 643.51 (35.37) *Net Profit* (19.59)
(28.86) - *Basic
EPS* (1.74) (2.56) -

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