HT Media Q2 revenues up 26% at RS 1,977 MN
Televisionpoint.com Team
HT Media Limited, has announced its Q2 results, which saw a 26 per cent increase in revenues to RS 1,976.5 million during Q2 FY2006, compared to RS 1563.2 million in the corresponding quarter last year. Announcing its financial results for the quarter and half year ended September 30, 2005, the company said the growth was a result of robust advertisement revenue, expanding national footprint and returns from past investments in high growth markets.
While the operating profits were higher by 74 per cent at RS 264.4 million, interest and financial costs were at RS 34.2 million. PAT for the quarter registered a 91 per cent growth over the similar period last year to RS 80.1 million, translating into an EPS (non-annualised) of RS 1.86.
Commenting on the company's performance Shobhana Bhartia, Vice Chairperson and Editorial Director, HT Media, said, "We are very pleased to report a strong operating quarter, which illustrates the successful execution of our growth plans, including the launch of our Mumbai operations, where we gained a noticeable foothold swiftly and economically, creating a more attractive offering for both our readers and advertiseRS Our operations in other cities and states continue to be robust, with our continued market dominance in Delhi, Chandigarh as well as the Bihar and Jharkhand markets."
The company launched its Mumbai operations in July 2005, which is showing encouraging initial response both in terms of readership and revenues. HT Media Limited is home to some of the leading newspapers in the country in both English and Hindi languages - Hindustan Times and Hindustan.
HT Media Limited, has announced its Q2 results, which saw a 26 per cent increase in revenues to RS 1,976.5 million during Q2 FY2006, compared to RS 1563.2 million in the corresponding quarter last year. Announcing its financial results for the quarter and half year ended September 30, 2005, the company said the growth was a result of robust advertisement revenue, expanding national footprint and returns from past investments in high growth markets.
While the operating profits were higher by 74 per cent at RS 264.4 million, interest and financial costs were at RS 34.2 million. PAT for the quarter registered a 91 per cent growth over the similar period last year to RS 80.1 million, translating into an EPS (non-annualised) of RS 1.86.
Commenting on the company's performance Shobhana Bhartia, Vice Chairperson and Editorial Director, HT Media, said, "We are very pleased to report a strong operating quarter, which illustrates the successful execution of our growth plans, including the launch of our Mumbai operations, where we gained a noticeable foothold swiftly and economically, creating a more attractive offering for both our readers and advertiseRS Our operations in other cities and states continue to be robust, with our continued market dominance in Delhi, Chandigarh as well as the Bihar and Jharkhand markets."
The company launched its Mumbai operations in July 2005, which is showing encouraging initial response both in terms of readership and revenues. HT Media Limited is home to some of the leading newspapers in the country in both English and Hindi languages - Hindustan Times and Hindustan.
Copyright 2005 - 2009 Televisionpoint.com. All rights reserved. A Bhash Media Private Limited Company.
This site is best viewed in Internet Explorer 6.0 or higher versions, at a resolution of 1024 x 768 pixels.