Media and entertainment firm Reliance MediaWorks (RMW) has posted net loss of Rs 151.11 crore for the third quarter ended December. Its net loss was Rs 57.04 crore in the October-December quarter of the 2010-11 fiscal.
The company’s Q3 net sales declined 3.69% to Rs 207.34 crore, as against Rs 215.30 crore in the same quarter last fiscal. Domestic film releases and broadcast services industry showed a marginal dip for the quarter.
The numbers for Q3 include charge off of Rs 8 crore on account of start-up expenses with respect to VFX and 3D Conversion outsourcing businesses, against an order book position of over Rs 200 crore annually.
Interest costs would sharply reduce on completion of fund-raising exercises that are being examined.
Company Name | CMP |
---|---|
PVR | 1402.25 |
Saregama India | 444.60 |
Eros Internatl.Media | 22.96 |
Shemaroo Entertain. | 170.00 |
Balaji Telefilms | 80.48 |
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