Den Q2 cons net up 28%; cable biz rev up 4%

MUMBAI: Den Networks‘ consolidated net profit rose 28 per cent to Rs 155.9 million in the second quarter ended 30 September from Rs 114.3 million a quarter earlier.

Den‘s cable business revenue saw a meager 3.96 per cent growth to Rs 2.02 billion from Rs 1.94 billion during the first quarter.

The multi-system operator‘s (MSO) consolidated net revenues stood at Rs 2.1 billion, up 8 per cent from Rs 1.94 billion a quarter earlier.

During the second quarter, Den‘s expenses rose 7 per cent to Rs 1.84 billion from Rs 1.71 billion quarter earlier as its content cost increased 12 per cent to Rs 765.9 million from Rs 675.1 million.

Its consolidated Ebitda stood at Rs 495.6 million, up 10 per cent over the previous quarter. The company‘s consolidated Ebidta (before forex losses of Rs 23.7 million) was Rs 474.3 million.

Den also said that its digital base has shot up to cross the two million mark fuelled by the first phase of digitisation in the four metro cities. Den has a presence in Delhi, Mumbai and Kolkata.

Media Pro Enterprise India (MediaPro), an equal joint venture of Star DEN and Zee Turner, has started reporting net revenues in its standalone financial results from 1 April. It used to be reported on a gross basis in the previous quarters & financial years.

The regrouping has resulted in revenue and distribution cost being reflected by lesser amount of Rs 123.7 million in the quarter ended 30 September.

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