Technology

Hathway Cable Q2 loss narrows on exchange gain

MUMBAI: Leading multi-system operator (MSO) Hathway Cable & Datacom Ltd has substantially narrowed its net loss in the second quarter ended 30 September from a year earlier on foreign exchange gains and a fall in interest cost.


Hathway‘s net loss in the second quarter was Rs 17.84 million against Rs 158.71 million in the previous quarter, as it had an exchange gain of Rs 44.78 million against an exchange loss of Rs 45.58 million a year earlier.


In the second quarter, the company had an exchange gain of Rs 44.78 million against an exchange loss of Rs 45.58 million. Finance cost in the second quarter was Rs 72.99 million, 45 per cent lower than Rs 133.38 million in the first quarter.


The company had an operational loss of Rs 54.88 million in the second quarter against operational profit of Rs 1.81 million in the first quarter, as its income fell 3 per cent to Rs 1.32 billion from Rs 1.36 billion in the first quarter and expenditure increased to Rs 1.37 billion from Rs 1.36 billion in the first quarter.

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