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MUMBAI:
Entertainment Network India Limited's (ENIL) net profit for
fiscal third quarter remained flat at Rs 187 million against
a profit of Rs 182 million reported in the year-ago period.
ENIL,
which owns and operates FM radio station Radio Mirchi, saw
its revenues for the quarter grow by 15.6 per cent to Rs 874
million from Rs 753.9 million a year ago.
The
company said its Ebitda for the quarter stood at Rs 302 million.
Expenses
for the quarter also jumped to Rs 653.5 million from Rs 527.7
million due to increase in marketing and other expenses.
ENIL
ED & CEO Prashant Panday said, "The festive season
boosted revenue growth this quarter. The elections in Gujarat
also contributed to growth. The advertising environment, however
, remains challenging. We remain optimistic that with renewed
governmental efforts at spurring growth, the advertising industry
should lift off. We remain optimistic that Phase-3 roll outs
will begin soon. The government has said it is top priority
for them."
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