CQ- TV 18 Broadcast records 88 per cent up in operating profit in FY 14

TV 18 Broadcast has recorded 88 per cent up in its operating profits for the financial year ending March 31, 2014 at Rs 2010.5 crore.

FY14 profit after tax turned positive at INR 103.6 crore as compared to FY13 losses of INR 25.5 crore. Annual revenues on a consolidated basis were up 15.8 per cent to INR 1,968.1 crore.

On a consolidated basis, advertising revenues grew 11 per cent year on year for the fourth quarter. Net Distribution Income (NDI) continued its steady climb to close at INR 178 crore, up from INR 15.7 crore in FY13.

Operating profits from the television operations doubled from Rs 114.2 crore to Rs 233.6 crore. Revenues on a consolidated basis were up 18.7 per cent YOY for Q4 FY14. Advertising revenues stood at Rs 357.8 crore. The Entertainment and General News businesses witnessed encouraging advertising revenue growth. Net Distribution Income (NDI) continued its strong financial performance through the quarter.

Announcing the results, Raghav Bahl, Managing Director, Network18 said, “We are enthused by the outstanding performance of TV18 for this financial year. All our businesses contributed positively to achieve our highest ever post-tax profits of Rs 103.6 crore, despite the continued uncertainty in the macro-economic environment. We are confident of sustaining our growth trajectory, as we continue to extract value from our existing operations as well as profitably grow our newer initiatives.”

Source: http://cablequest.org/news/national-news/item/4999-cq-tv-18-broadcast-records-88-per-cent-up-in-operating-profit-in-fy-14.html
Source: http://cablequest.org/news/national-news/item/4999-cq-tv-18-broadcast-records-88-per-cent-up-in-operating-profit-in-fy-14.html