Results

Announces Q2 Results, Results Press Release & Limited Review Report for Sep 30, 2014

| Updated on October 11, 2014 Published on October 11, 2014

Network 18 Media & Investments Ltd has announced the following results for the quarter ended September 30, 2014:

The Unaudited results for the Quarter ended September 30, 2014

The Company has posted a (net loss) of Rs. (185.224) million for the quarter ended September 30, 2014 as compared to (Net Loss) of Rs. (325.870) million for the quarter ended September 30, 2013. Total Income has decreased from Rs. 411.277 million for the quarter ended September 30, 2013 to Rs. 188.009 million for the quarter ended September 30, 2014.


The Consolidated Results are as follows :

The Unaudited results for the Quarter ended September 30, 2014

The Group has posted a net (loss) after tax, minority interest and share in profit/(loss) of associates of Rs. (364.699) million for the quarter ended September 30, 2014 where as the same was at Rs. (398.355) million for the quarter ended September 30, 2013. Total Income is Rs. 7611.295 million for the quarter ended September 30, 2014 where as the same was at Rs. 6810.140 million for the quarter ended September 30, 2013.

"Equator Trading Enterprises Private Limited ("Equator") including its subsidiaries Panorama Television Private Limited and Prism TV Private Limited had become wholly owned subsidiary of the Company with effect from 22nd January, 2014. Hence, the consolidated results of the current period include the results of these subsidiary companies. Eenadu Television Private Limited had also become an associate with effect from 22nd January, 2014 and its results have been accounted as “Associate” under Accounting Standard 23 on Accounting for Investments in Associates in Consolidated Financial Statements. To this extent, the results of this period are not comparable with the corresponding previous period."

Source : BSE - >www.bseindia.com

Published on October 11, 2014
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