Financial Daily from THE HINDU group of publications
Thursday, Jan 20, 2005
Financial Daily from THE HINDU group of publications Thursday, Jan 20, 2005 |
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Corporate Results
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Radio/TV TV 18 net profit up 55 pc Our Bureau
New Delhi , Jan. 19 TELEVISION Eighteen (TV 18) has registered a 62 per cent growth in revenues for the third quarter ended December 31, 2004 to touch Rs 24.6 crore. The group's net profit stood at Rs 8.25 crore, up 55 per cent from Rs 5.3 crore registered during the corresponding quarter last year. Operating margin also improved from 48.57 per cent to 55 per cent. The TV18 group has launched a Hindi language consumer channel - Awaaz recently. The company also began supply of content to a channel focused on the NRI community in the US - South Asia World. According to Mr Raghav Bahl, Television Eighteen's Managing Director, "CNBC-TV18 has completed five very successful years in India. We expect our influence and reach to grow exponentially with the launch of our Hindi language consumer channel - Awaaz. We have also commenced supply of our content to overseas Indians and expect these moves to contribute positively to the company's operational performance."
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