CQ- Dish TV reports Q4 loss for FY 14

India’s leading direct-to-home (DTH) service provider Dish TV India has reported net loss for the fourth quarter ended March 31, 2014. The Company had registered a standalone net loss of INR 43.62 crore for the January-March quarter of the last fiscal.

However, its standalone net sales increased to INR 634.85 crore during the period as against INR 554.57 crore in the same quarter a year earlier, the company said in a BSE filing.

For the financial year 2013-14, Dish TV’s consolidated net loss increased to INR 157.61 crore as against INR 66 crore in the previous fiscal.

Dish TV’s consolidated net sales increased to INR 2,499.04 crore in the financial year 2013-14 as against Rs. 2,164.47 crore of 2012-13 fiscal.

“Fiscal 2014 was a challenging year for the economy. Fortunately however, with a new government backed by a strong mandate at the Centre, there is significant hope of growth coming back on track,” said Dish TV Chairman Subhash Chandra.

According to Dish TV’s Managing Director Jawahar Goel, the company had opted long term sustainability in fiscal 2014.

“Unlike fiscal 2013, fiscal 2014 was a disruptive period where we had to choose between immediate benefits and long term sustainability in the hyper competitive DTH industry. Choosing the later, we continued to deleverage while maintaining our subscriber acquisition price point,” added Goel.

Source: http://cablequest.org/news/dth-news/item/5002-cq-dish-tv-reports-q4-loss-for-fy-14.html
Source: http://cablequest.org/news/dth-news/item/5002-cq-dish-tv-reports-q4-loss-for-fy-14.html