Television

IBN18 narrows standalone net loss to Rs 170 million

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 MUMBAI: IBN18 has narrowed its standalone net loss for the quarter ended 30 September to Rs 170 million, as against a net loss of Rs 600 million in the corresponding quarter of the previous fiscal.

Even on a quarter-on-quarter basis, the net loss is less compared to that of Rs 190 million in the first quarter of the fiscal.

The standalone results constitute the financials of CNN IBN and IBN7.

The income from the quarter under review jumped 30 per cent on a year-on year basis. But on a Q-o-Q basis, it has remained almost flat at Rs 520 million.

Meanwhile, expenses at Rs 590 million rose marginally over the earlier year, but remained same as compared to the previous quarter.

The standalone Ebitda loss was at Rs 70 million, less than Rs 170 million it incurred in the year-ago period.

IBN18‘s consolidated net loss stood at Rs 130 million. Total income was at Rs 1.89 billion, while expenditure stood at Rs 1.87 billion for the quarter.

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