ETC registers 159% growth in Q3

MUMBAI: ETC Networks Limited has registered a profit after tax (PAT) of Rs 43 million on a turnover of Rs 326.6 million for the nine-month period ended December 31, 2000. PAT for the quarter ended December 31, 2000 is Rs 21.2 million, registering a growth of 159 per cent over the previous quarter ended September 30, 2000 at Rs 13.3 million.


In just its second year of operation, ETC has not only consistently retained the top position among music-based channels in viewership rating but also translated this popularity to very impressive revenue and profit figures, according to a company press release issued on Friday.


ETC Channel Punjabi, the regional channel under the umbrella of ETC Networks Ltd., which has just completed only its second quarter of operation, is also doing extremely well, having beaten all established Punjabi channels in the ratings war, as also attracting impressive revenue figures.


Etc hopes to consolidate its position with a whole slew of new programmes which are scheduled to come on air in the near future.

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