Sea TV Networks has reported 19 per cent rise in operating profit in its fourth fiscal quarter. This happen because of lower outgo of pay channel charges and improvement in subscription collection which boosted its top line
Operating income in the fourth quarter ended March 2014 grew Rs 4.76 crore (Rs 47.6 million) compared to Rs 3.98 crore (Rs 39.8 million) in the previous quarter. This was 23 per cent higher than Rs 3.87 crore (Rs 38.7 million) booked in the year-ago period.
Sea TV spent Rs 1.40 crore (Rs 14.0 million) towards pay channel charges, which is 14.5 per cent lower than the trailing quarter’s Rs 1.65 crore (Rs 16.5 million). Employee expenses, on the other hand, remained elevated at Rs 71.15 lakh (Rs 7.12 million), up 6 per cent QoQ. Other expenses widened sharply to Rs 1.38 crore (Rs 13.8 million) compared to Rs 99.95 lakh (Rs 9.99 million) incurred in Q3FY14.
Source: http://cablequest.org/news/cable-news/item/5057-cq-sea-tv-network-reports-rise-of-19-in-its-operating-profit.html
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