Companies

TV18 prunes fiscal net loss to Rs 20 cr

PTI New Delhi | Updated on May 30, 2011

Television Eighteen India has reported over five-fold decline in its consolidated net loss for the year ended March 31, 2011 at Rs 20.11 crore.

For the twelve months ended March 31, 2010, the company’s consolidated net loss stood at Rs 117.20 crore.

However, net sales for the period under review increased 11.53 per cent to Rs 579.77 crore from Rs 519.80 crore in 2009-10, the company said in a filing to the Bombay Stock Exchange.

The company did not share the net loss/profit numbers for the last quarter of 2010-11.

“In Q4, FY’2011, traditionally our strongest quarter continued its robust performance with consolidated revenues at Rs 178 crore and operating profits at Rs 25 crore, a growth of over 20 per cent sequentially quarter-on-quarter,” the company said.

Meanwhile, TV18 scrips were trading at Rs 75.60 per share on the BSE in the afternoon trade, down 0.53 per cent from the previous close.

Published on May 30, 2011

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