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Tuesday, Nov 02, 2004

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Corporate Results - Radio/TV


TV18 clocks 146 pc rise in profit

Our Bureau

NEW DELHI: The TV18 group has recorded operating revenues of Rs 19.9 crore for the second quarter ended September 30, an increase of 146 per cent over the corresponding previous period. Net profit was Rs 7.01 crore.

According to a statement, the company has successfully migrated its broadcast base to Mumbai.

It is ready to commence its Hindi language operations by the end of the current quarter and expects to begin distributing CNBC-TV18 in the US, the UK and West Asia in November. Both these moves are expected to contribute significantly to the company's revenue streams.

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