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Den Q1 net up 208% at Rs 100 mn as revenue jumps 16%

Indiantelevision.com Team

(11 August 2010 5:15 pm)

MUMBAI: Sameer Manchanda-promoted Den Networks has posted a 208 per cent jump in its consolidated net profit for the first quarter of the fiscal.

The multi-system operator (MSO) with a pan-India footprint has posted a net profit of Rs 100 million, up from Rs 32 million in the year-ago period.

Total income during the quarter jumped 16 per cent to Rs 2.5 billion, as against Rs 2.14 billion in the corresponding quarter of the previous fiscal.

Expenditure rose to Rs 2.14 billion compared to Rs 1.91 billion in the earlier year.

Ebitda was at Rs 357 million, up 54 per cent from Rs 232 million.