TV18 Broadcast has reported results for first quarter ended June 30, 2016.
The company has reported a net loss of Rs 1.68 crore for the quarter ended June 30, 2016 as compared to a net profit of Rs 12.08 crore for the same quarter in the previous year. However, total income of the company has increased by 4.46% to Rs 141.41 crore for the quarter under review from Rs 135.38 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported a net loss of Rs 14.57 crore for the quarter under review as compared to a net profit of Rs 8.46 crore for the same quarter in the last year. Total income of the company has decreased by 22.35% at Rs 220.31 crore for quarter under review as compared to Rs 283.73 crore for the quarter ended June 30, 2015.
