Network18 Q4 Net Loss at Rs 4.11 Crore
By PTI | Published: 27th May 2014 04:39 PM |
NEW DELHI: Network18 Media and Investments posted a consolidated net loss of Rs 4.11 crore for fourth quarter ended March 31, 2014
The company had registered a net profit of Rs 47.04 lakh in the same period a year ago helped by an exceptional income of Rs 40.59 crore.
Exceptional income in the quarter under review were at Rs 6.50 crore.
Network18's income from operations for the fourth quarter of 2013-14 stood at Rs 738.32 crore, up 11.16 per cent from Rs 664.16 crore in the same period last year.
Commenting on the results, Network18 Group CEO B Saikumar said: "All our broadcast operations continued to show improvement in margins. Our General news operations have turned around this year, due to a strong focus on operational efficiency."
During the quarter overall expenses stood at Rs 726.05 crore compared with Rs 683.35 crore in the corresponding quarter last year.
Shares of Network18 Media and Investments today closed 3.54 per cent higher at Rs 39.50 apiece on the BSE.