HT Media would be buying back it’s shares at a maximum price of Rs 110 per share, which translates into discount of 1.56% from its current market price of Rs 111.75 per share (Previous close on BSE). The company, which would buyback its equity shares from the open market, would be spending an aggregate amount not exceeding Rs 25 crore. The company’s board of directors at their meeting held on May 14, 2013, decided the same. The board also recommended a dividend of Rs 0.40 per share for the financial year ended on March 31, 2013.
The company has reported net loss of Rs 92.97 crore for Q4FY13 as compared to net profit of Rs 21.65 crore in Q4FY12. Its total income also increased by 7.61% at Rs 341.37 crore in the quarter under review from Rs 317.22 crore in the corresponding quarter of the previous year.
For the full year ended March 31, 2013, the company’s net profit declined by 84.88% at Rs 24.15 crore as against Rs 159.82 crore in the FY 12. Its total income 1.97% at Rs 1345.09 crore from the quarter under review as compared to Rs 1319.14 crore in corresponding quarter of the previous year.
| Company Name | CMP |
|---|---|
| D.B. Corp | 231.40 |
| Navneet Education | 148.10 |
| Jagran Prakashan | 67.29 |
| HT Media | 22.25 |
| Hindustan Media Vent | 66.32 |
| View more.. | |
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