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
ZEEL elevates Manish Aggarwal as business head of Zee5 India

In a recent development, Manish Aggarwal has been elevated as business head of Zee5 India, the OTT platform of Zee Entertainment Enterprise (ZEEL).

Television TV Channels People
Sun Life enters Tamil market in BARC week 28

Sun Life, the movie channel by Sun TV Network came as a new entrant this week after Broadcast Audience Research Council (BARC) released its ratings for week 28.

Television TV Channels Regional
Colors Gujarati to launch a dance reality show ‘Naach Maari Saathe’

Colors Gujarati is all set to bring a dance show named Naach Maari Saathe. The show which will hit the small screen from 23 July will have Hitu Kanodia, Vyoma Nandi and Neerav Bavlecha as the judges.

Television TV Channels Regional
Brahmagantu’s Gundamma to emerge on Zee Kannada’s DKD

Zee Kannada, creating the best entertainment programmes, has become a household name for quality entertainment.

Television TV Channels Regional
BARC Week 28 : Aaj Tak leads Hindi news genre

The Broadcast Audience Research Council data for week 28 showed Republic TV continuing to dominate the English news genre, whereas Aaj Tak led in Hindi genre. Meanwhile, News Nation stepped down to fourth position in Hindi news genre.

Television TV Channels Viewership
Zee Anmol maintains lead in Hindi GEC (U+R) in BARC week 28

Zee Anmol retained its leadership position in Broadcast Audience Research Council (BARC) data for week 28 of 2018 in the Hindi GEC (U+R) market.

Television TV Channels Viewership
B4U motion pictures welcomes Naysar Shah as Vice president - marketing & distribution (film division)

B4U Motion Pictures is thrilled to welcome on board Naysar Shah to the UK head office who has been appointed as Vice President of Marketing and Distribution for the Film Division.

Television TV Channels People
Star Vijay launches new game show 'Divided'

MUMBAI: Star Vijay, a Tamil general entertainment channel by Star TV, is all set to launch a game show named Divided on 21 July. This show will be hosted by Neeya Naana debate show fame, Gobinath and will be on air every weekend at 8 pm.

Television TV Channels Regional
Zee Telugu Announces World Television Premiere of Sai Pallavi and Naga Shaurya Starrer Kanam

Weekend plans just got better with Zee Telugu’s horror World Television Premiere, Kanam, to your home screens on Sunday

Television TV Channels Regional

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories