TV18 Broadcast has reported results for the first quarter ended June 30, 2013.
The company reported net profit at Rs 8.31 crore for the quarter as compared to net loss of Rs 7.79 crore for the corresponding quarter of previous fiscal. Company’s total Income has decreased by 19.64% at Rs 113.31 crore for the quarter under review from Rs 141.04 crore for the June quarter of the previous fiscal.
On consolidated basis, the Group reported net profit of Rs 5.93 crore for the quarter ended June 30, 2013 against net loss of Rs 23.46 crore for the quarter ended June 30, 2012. Total Income grew by 13.25% at Rs 403.18 crore for the quarter against Rs 356.00 crore for the first quarter of previous year.
TV18 Broadcast formerly IBN18 Broadcast owns and operates one of India's leading 24-hour English language news and current affairs channel, CNN IBN. TV18 Broadcast is focused on producing high quality news programming and to capture news and events around the world.
