Business Daily from THE HINDU group of publications
Tuesday, Apr 29, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Apr 29, 2008 ePaper | Mobile/PDA Version | Audio |
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Marketing
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Financial Performance Corporate Results - Radio/TV TV18 Q4 net up 26% Mumbai, April 28 Media business house Television 18 India Ltd posted a net profit of Rs 18.95 crore, up 26 per cent, for the fourth quarter ended March 31, compared to Rs 15 crore in the same period last year. The net sales for the quarter increased by 75 per cent to Rs 111.8 crore (Rs 63.86 crore). The group has investments of Rs 13.35 crore and Rs 5.94 crore in Newswire18 India Ltd and iNews.com Ltd respectively. These companies have incurred losses in the current period and their net wo rth has substantially eroded, according to a company release on the BSE. However, due to long-term strategic involvement, no provision has been made for the decrease in value. The net profit for the financial year ended March 31, jumped by 138 per cent to Rs 41.68 crore as compared to Rs 17.51 crore of last year. Net sales for the financial year grew by 68 per cent to Rs 326.59 crore (Rs 193.95 crore) .The company’s scrip closed at Rs 344.35, up 2.78 per cent, on Monday. — Our Bureau More Stories on : Financial Performance | Radio/TV
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