(27 January 2012 8:05 pm)

MUMBAI: Chennai-based Raj Television Network, which operates 12 channels in five languages, has posted a net profit of Rs 20.52 million for the third quarter on the back of higher revenues and a flattening of costs.

The company had slipped into the red, posting a net loss of Rs 9.48 million in the corresponding quarter of the previous fiscal.

Revenue for the three-month period ended 31 December jumped 34.31 per cent jump. Raj TV reported total income of Rs 139.9 million for the third quarter compared to Rs 104.16 million in the year-ago period.

Total expenditure stayed flat at Rs 110.2 million as against Rs 109.06 million in the earlier year.

Raj TV Network has five channels in its Tamil bouquet spanning across general entertainment, music and news. It has two channels each in Telugu, Malayalam and Kannada, mainly in the news and music genre. The network also has a Hindi channel, Raj Parivar.