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MUMBAI:
Reliance MediaWorks has narrowed its net loss to Rs
1.26 billion for the fourth quarter ending 31 March
as against Rs 1.73 billion in the same quarter last
year.
As
per the consolidated results, the company’s net
sales for the quarter climbed to Rs 1.71 billion, an
increase of Rs 357.35 million over the year-ago period.
RMW’s
total income from operations rose to Rs 1.76 billion,
up from Rs 1.39 billion. The company’s expenses
went up marginally from Rs 2.39 billion to Rs 2.53 billion.
Revenue
from film production services was Rs 517.54 million
for the quarter, up from Rs 438.63 million in the
same quarter last year.
Income
from theatrical exhibition for the quarter jumped
to Rs 1.126 billion from Rs 869.89 million while television,
film production and distribution income increased
to Rs 116.44 million as opposed to Rs 82.50 million
in the same quarter of the previous fiscal.
For
the year ended 31 March 2012, the company’s net
loss widened to Rs 5.18 billion as opposed to Rs 3.29
billion in the previous fiscal.
Total
income from operations for the fiscal stood at Rs
8.14 billion compared to Rs 8.36 billion a year ago.
The company’s expenses for the fiscal were Rs
10.95 billion, up from Rs 9.82 billion.
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