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TV Today Network registers fall of 23% in Q4 net profit

19 May 2012 Evaluate

TV Today Network has registered a fall of 22.84% in its net profit at Rs 7.33 crore for the fourth quarter ended March 31, 2012 as compared to Rs 9.50 crore for the January-March period of 2011.

The company’s net sales rose marginally by 4.83% to Rs 88.36 crore for the quarter under review, against Rs 84.29 crore in the fourth quarter of previous financial year.

For the year ended March 31, 2012, the company’s net profit dropped 15.31% to Rs 10.51 crore, as against Rs 12.41 crore in FY’11. Meanwhile, the media firm’s sales rose 5.12% to Rs 308.18 crore in year under review as compared to Rs 293.18 crore in previous year.

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