TV18 Broadcast Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2013
October 28, 2013 at 05:07 am EDT
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TV18 Broadcast Limited reported unaudited standalone and consolidated earnings results for the second quarter and six months ended September 30, 2013. For the quarter, on standalone basis, the company has posted total income from operations (net) of INR 1,108.132 million against INR 1,098.848 million a year ago. Profit from operations before other income, finance costs, taxes and exceptional items were INR 43.548 million against INR 91.314 million a year ago. Loss from ordinary activities before tax was INR 68.116 million against loss from ordinary activities before tax of INR 252.338 million a year ago. Net loss after tax and minority interest was INR 71.483 million or INR 0.04 per basic and diluted share before and after extraordinary items against net loss of INR 252.338 million or INR 0.70 per basic and diluted share before and after extraordinary items a year ago. Operating revenue was INR 4,083.0 million against INR 3,408.0 million a year ago.
For the six months, on standalone basis, the company has posted total income from operations (net) of INR 2,204.300 million against INR 2,467.995 million a year ago. Profit from operations before other income, finance costs, taxes and exceptional items were INR 150.136 million against INR 263.412 million a year ago. Profit from ordinary activities before tax was INR 14.996 million against loss from ordinary activities before tax of INR 330.257 million a year ago. Net profit after tax and minority interest was INR 111.629 million or INR 0.007 per basic and diluted share before and after extraordinary items against net loss of INR 102.234 million or INR 0.11 per basic and diluted share before and after extraordinary items a year ago.
For the quarter, on consolidated basis, the company has posted total income from operations (net) of INR 4,831.715 million against INR 3,651.283 million a year ago. Profit from operations before other income, finance costs, taxes and exceptional items were INR 127.762 million against INR 54.526 million a year ago. Profit from ordinary activities before tax was INR 121.022 million against loss from ordinary activities before tax of INR 417.316 million a year ago. Net profit after tax and minority interest was INR 101.160 million or INR 0.06 per basic and diluted share before and after extraordinary items against net loss of INR 405.668 million or INR 1.12 per basic and diluted share before and after extraordinary items a year ago.
For the six months, on consolidated basis, the company has posted total income from operations (net) of INR 8,793.592 million against INR 7,120.197 million a year ago. Profit from operations before other income, finance costs, taxes and exceptional items were INR 400.583 million against INR 82.520 million a year ago. Profit from ordinary activities before tax was INR 169.089 million against loss from ordinary activities before tax of INR 657.371 million a year ago. Net profit after tax and minority interest was INR 160.482 million or INR 0.09 per basic and diluted share before and after extraordinary items against net loss of INR 254.490 million or INR 0.27 per basic and diluted share before and after extraordinary items a year ago.
TV18 Broadcast Limited is an India-based media company. The Company is primarily engaged in the business of news broadcasting. The Company is also engaged in digital content and allied businesses. It runs a news network in India, spanning business news (four channels), general news (one each in English and Hindi), and regional news (14 channels across India, including a joint venture, News18 Lokmat). The brands like CNBC TV18, News18 India, and CNN News18 are part of this news bouquet. News18 International delivers definitive India-centric news for the Indian diaspora and audiences across the globe. Its subsidiary, Viacom 18 Media Private Limited (Viacom 18), operates a portfolio of television entertainment channels, sports channels and digital platforms. Its brands include Colors, MTV, Nickelodeon, Sports18 and others. Viacom 18 also operates JioCinema and Voot OTT (Over the Top) platforms offering premium and exclusive content as well as catch-up TV for on-demand viewing.