Den Networks reports net loss of Rs 57.31 crore in Q1

Den Networks has reported results for first quarter ended June 30, 2016.

The company has posted a net loss of Rs 57.31 crore for the quarter ended June 30, 2016 as compared to a net loss of Rs 50.75 crore for the same quarter in the previous year. Total income of the company increased by 14.83% to Rs 249.54 crore for the quarter under review from Rs 217.32 crore for the corresponding quarter of the previous year.

Den Networks is India’s leading cable TV Distribution Company reaching an estimated 13 million households in over 200 cities. The company has been one of the frontrunners in the cable TV digitization process and has over 5.7 million digital cable subscribers. DEN is present in 13 key states across India.