Thursday 29 May 2014

CQ- Siti Cable reports Q4 net loss at Rs 228 mn

Essel Group’s MSO Siti Cable Network has reported the fiscal fourth quarter revenue jump, while net loss rose marginally. 
Siti Cable’s EBITDA fell to Rs 27.9 crore (Rs 279 million) in the quarter ended 31 March 2014, down from Rs 32.98 crore (Rs 329.8 million) in the preceding quarter. Net loss dropped to Rs 22.8 crore (Rs 228 million), compared to Rs 22.50 crore (Rs 225 million) in the trailing quarter. 
Revenue jumped to Rs 238.2 crore (Rs 2.38 billion), up from Rs 163.99 crore (Rs 1.64 billion) in the trailing quarter (Q3 FY14). 
The drag was on the expenditure side. The MSO’s operating expenses grew to Rs 215.4 crore (Rs 2.15 billion), from Rs 155.33 crore (Rs 15.53 billion) in the trailing quarter.

Source: http://cablequest.org/news/cable-news/item/5011-cq-siti-cable-reports-q4-net-loss-at-rs-228-mn.html

Source: http://cablequest.org/news/cable-news/item/5011-cq-siti-cable-reports-q4-net-loss-at-rs-228-mn.html

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