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Network 18 Media reports consolidated net loss of Rs 79.79 crore in Q3

16 Jan 2017 Evaluate

Network 18 Media & Investments has reported results for third quarter ended December 31, 2016. 

The company has reported a net loss of Rs 50.26 crore for the quarter under review as compared to a net profit of Rs 22.10 crore for the same quarter in the previous year. Total income of the company decreased by 97.06% at Rs 1.83 crore for the quarter under review as compared Rs 62.25 crore for the corresponding quarter previous year.     

On the consolidated basis, the company has reported a net loss after tax, minority interest and share of profit of associates at Rs 79.79 crore for the quarter ended December 31, 2016 as compared to a net profit of Rs 50.37 crore for the same quarter in the previous year. Total Income of the company decreased by 21.42% to Rs 353.42 crore for quarter under review from Rs 449.75 crore for the quarter ended December 31, 2015.  

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