SABTNL declares Q1 results, net profit down 33%

Sri Adhikari Brothers Television Network Ltd (SABTNL) today announced its financial results for the quarter ended 30 June 2001.

SABTNL, which runs SABe TV and is a a major supplier of software to national broadcaster Doordarshan, posted a 33 per cent decline in net profit to Rs 31.02 million compared to Rs 46.09 million the previous year, an official release states. Operational income however increased 5.2 per cent to Rs 209.26 million from Rs 198.48 million in June 2000.

On the profit front, if money accruing from extraordinary items (income from liquidation of bond investments made by the company) is discounted from the net, the decline is 48 per cent.

A perusal of the company's expenditure indicates that while more money is being pumped into programming ( up to Rs 155.49 million from Rs 128.36 million last year), there have been some staff cutbacks. Staff expenditure is down marginally to Rs 5.65 million from Rs 5.79 million in the corresponding period last year.

An interesting aspect of the results is the amount set aside for depreciation. Up by nearly 50 per cent over last year (Rs 2.92 million from Rs 1.95 million last year). This would appear to indicate that there has either been an investment in fixed assets or some change in accounting practices.

The unaudited results were approved at a board meeting yesterday.

The markets appeared to be unaffected by the results. The SABTNL

Latest Reads
Zee Hindustan turns anchor-less

The Zee Media Corporation Ltd, part of the Essel Group, today took a path-breaking step in television journalism by formally making its Hindi news channel Zee Hindustan anchor-less.

Television TV Channels News Broadcasting
Aaj Tak continues to lead amid elections in BARC week 49

Aaj Tak yet again stood on top in all the three Hindi news genres in BARC week 49. Republic TV continued to dominate the English news genre. Zee News took the third position in Hindi News (U+R) after replacing ABP News which slipped down to the fourth place.

Television TV Channels Viewership
Zee Anmol leads GEC urban in BARC week 49

Star Plus climbed to the second position from fourth position as compared to the previous week in the Hindi (U+R) genre in Broadcast Audience Research Council (BARC) data for week 49 of 2018. Star Plus and Big Magic interchanged their eighth and ninth positions in the rural market. Zee Anmol and...

Television TV Channels Viewership
Aaj Tak HD hits airwaves, available on Tata Sky

India’s leading news broadcaster Aaj Tak has announced the launch of country’s first Hindi HD news channel - Aaj Tak HD.

Television TV Channels News Broadcasting
Uday Shankar's meteoric rise from Star India to Disney APAC

The man running India's largest media company - Star India-  has made it to the top in the Asia Pacific region at probably the world’s most admired entertainment company - Disney. Uday Shankar, who once was a reporter with The Times of India, and then went on to successfully lead news channels such...

Television TV Channels GECs
DreamWorks to launch Fight Sports and Kids+ channels

DreamWorks Channel, a Southeast Asian pay television network that is owned and operated by DreamWorks Animation International TV, a subsidiary of NBCUniversal, which is a division of Comcast, has set the ball rolling to launch two new channels - Fight Sports and Kids+ Asia. It has started the...

Television TV Channels Kids
4 Star and 3 Zeel channels most watched across genres

Four channels from the Star India network, three channels from Zee Entertainment Enterprises Ltd (Zeel) and one channel each from Sony Pictures Network India (SPN), the Sun TV Network, and Viacom 18 comprised the list of the top 10 channels across genres for week 49 of 2018 (Saturday, 1 December to...

Television TV Channels Viewership
Disney hoicks Uday Shankar to top job at Fox-Disney combined unit for APAC

MUMBAI - As part of the integration planning for the pending acquisition of Twenty-First Century Fox, Inc. (“21st Century Fox”-NASDAQ: FOXA, FOX), the Direct-to-Consumer & International (DTCI) segment of The Walt Disney Company (NYSE: DIS) today announced plans for the strategic alignment of...

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories