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Wednesday, Jun 23, 2004

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NDTV turns cash positive in Q4

Our Bureau

New Delhi , June 22

NDTV Ltd on Tuesday reported a cash break-even in the fourth quarter ended March 2004, with an earnings before interest, depreciation and tax and amortisation (EBIDTA) of Rs 1.75 crore. This turnaround in the fourth quarter took place after a reported loss in the first three quarters, said a company release.

For the entire year on a consolidated basis, NDTV has reported a net loss of Rs 49.62 crore and an income of Rs 68.98 crore.

The company's loss for the first three quarters stood at Rs 47.38 crore.

``This increase in the fourth quarter by a small amount provided for depreciation of Rs 2.61 crore,'' said the company.

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