Network 18 Q4 PAT at Rs 41 cr
Televisionpoint.com Correspondent | Mumbai
Network 18 Media & Investments Limited has announced its results for the quarter ended March 31, 2008.
During the Q4 period, revenues of the company cross Rs 230 crores, up by 90% on a year on year basis. The PAT is seen at Rs 41 crores vs Rs 15.58 crores. The group's annual revenues are at Rs 657 crores, up by 94%. The consolidated annual profits are at Rs 52 crores vs Rs 6.45 crores last year. The EPS has surged to Rs 10.871, while the NAV is at Rs 558.36 per share.
Raghav Bahl, Network18's Managing Director, Network 18 Media & Investments said, "We are really happy to share this quarter's financial performance of the Group. Both listed subsidiaries of Network18 have posted robust growth in revenues and profits. All news channels are maintaining their dominant positions in their respective markets. Web18 is showing a phenomenal traction, and a couple of very strong portals are set for launch there."
"The HomeShop business has taken off. TIFC's film operations have catapulted it to a leadership position in India's film industry. We are now excited about our 3-pronged entry into business news publishing. Finally, we are working closely with the Infomedia management to take the company to the next stage of digital growth." Bahl said.
Network 18 Media & Investments Limited has announced its results for the quarter ended March 31, 2008.
During the Q4 period, revenues of the company cross Rs 230 crores, up by 90% on a year on year basis. The PAT is seen at Rs 41 crores vs Rs 15.58 crores. The group's annual revenues are at Rs 657 crores, up by 94%. The consolidated annual profits are at Rs 52 crores vs Rs 6.45 crores last year. The EPS has surged to Rs 10.871, while the NAV is at Rs 558.36 per share.
Raghav Bahl, Network18's Managing Director, Network 18 Media & Investments said, "We are really happy to share this quarter's financial performance of the Group. Both listed subsidiaries of Network18 have posted robust growth in revenues and profits. All news channels are maintaining their dominant positions in their respective markets. Web18 is showing a phenomenal traction, and a couple of very strong portals are set for launch there."
"The HomeShop business has taken off. TIFC's film operations have catapulted it to a leadership position in India's film industry. We are now excited about our 3-pronged entry into business news publishing. Finally, we are working closely with the Infomedia management to take the company to the next stage of digital growth." Bahl said.
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