HT Media Ltd has reported a 12.12 per cent decline in net profit at Rs 32.31 crore for the first quarter ended June 30, 2013 due to increase in overall advertising and other expenses.
The company had posted a net profit of Rs 36.77 crore in the corresponding period a year ago.
Net sales during the quarter under review went up 11.39 per cent to Rs 341.99 crore from Rs 307 crore a year-ago, the company said in a BSE filing.
HT Media’s total expenses during the quarter ended June 30, 2013 were at Rs 313.78 crore, an increase of 16.41 per cent against Rs 269.54 crore in the same quarter a year-ago.
Advertising and sales promotion expenses during the quarter were at Rs 33.35 crore (Rs 17.47 crore), an increase of 90.89 per cent.