MAM

Radio One reports improved operating results, lower loss for HY1-2014

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/mam-images/2015/09/15/radio%20one.jpg?itok=8o0FhHvS

BENGALURU: Next Mediaworks Limited and BBC worldwide joint venture Radio One (Radio One) reported a growth in revenue of 19 per cent for HY1-2014 to Rs 28.07 crore as compared to the Rs 23.57 crore for the corresponding period of last year. The company was previously known as Mid-Day Multimedia Limited.

 The company reported a 340 per cent jump in PBIT for H1-2014 to Rs 3.17 crore from Rs 0.72 crore during the corresponding period last year.

Overall, the company reported about one third (33.8 per cent) loss of Rs (-1.22) crore for H1-2014 as compared to the Rs (-3.61) crore for H1-2013.

Let us look at the figures reported for Q2-2014 by Radio One

 Radio One reported revenue of Rs14.14 crore for Q2-2014 which was about 1.5 per cent higher than the Rs 13.93 crore for Q2-2013 and about 12.6 per cent more than the Rs12.56 crore for Q1-2014.

Expenditure at Rs12.83 crore for Q2-2014 was about 4.1 per cent lower than the Rs13.38 crore y-o-y and about 1 per cent higher than the Rs12.71crore q-o-q.



The company paid 1.43 per cent lower license and royalty fees for Q2-2014 at Rs 1.38 crore as compared to the Rs1.4 crore for Q2-2013 and about 0.7 per cent higher than the Rs1.37 crore for Q1-2014.

Radio One paid finance cost of Rs1.25 crore which was 3.8 per cent lower than the Rs1.30 crore for Q2-2013, but 15.7 per cent more than the Rs1.08 crore for the immediate trailing quarter.

It spent 28 per cent less towards advertising and marketing costs for Q2-2014 at Rs 0.34 crore as compared to the Rs 0.5 crore for Q2-2013 and less than half (42 per cent) of the Rs 0.81 crore for Q1-2014.

Deferred tax for the current period (Q2-2014) of Rs (-0.63) crore resulted in a loss of Rs (-0.57) crore from ordinary activities and minority interest added another Rs (-0.11) crore to bring the net loss for the period to Rs 0.68 crore.

Q2-2014 loss at Rs (-0.68) crore was 13.6 times the Rs (-0.05) loss for Q2-2013 and 28.3 per cent higher than the Rs 0.53 crore for Q1-2014.

Next Radio managing director and CEO Vineet Singh Hukmani said, “It feels wonderful to be part of a team that has met huge challenges and come out on top. Despite a slowdown in the economy, we continue to outgrow the market on profit margins due to our consistent differentiation strategy across all our seven markets. We have doubled the cash generated by the business this H1 as compared to last year and with our debt retirement being on track, this opens doors for us to continue investing into our largest assets, our people, our product and future digital engagement strategies.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/18/makeup_0.jpg?itok=kb9xcVdD
Lotus Make-up brings out women's inner shine

Lotus Make-up has created a new campaign with digital and social media agency WATConsult called #SparkleEveryday.

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/18/radio.jpg?itok=vX0DetRO
Radio City makes us experience Mumbai

Radio City has created a campaign that makes us experience a city even with eyes shut. The film Taxi Driver, is based on this emotion. To make this idea more experiential, the thought will be adapted in print, on-air, digital and on-ground.

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/18/chetak.jpg?itok=OUBEhd8c
MP Birla Chetak Cement's new TVC is truly Rajasthani

MP Birla Chetak Cement has rolled out a new TVC conceptualised by Ogilvy Kolkata and produced by Conversation Films.

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/18/hitachi.jpg?itok=tt7zTGTO
Hitachi's new automated service platform

Hitachi Systems Micro Clinic, system integrator and a specialist in managing end-to-end IT infrastructure solutions and services, has announced the launch of an automated service delivery platform Hawkeye 3.0, which aims at enabling organisations to increase productivity and efficiency. The...

MAM Marketing Brands
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/18/ads_0.jpg?itok=cITprp4R
The ins and outs of femvertising

MUMBAI: How many times have you come across ads that seek to empower women and ask them to take on the world (at times by using their product)? The general tendency of advertising in the seventies and the eighties was to objectify women in order to fascinate the ‘male audience’ to buy their...

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/pretty.jpg?itok=k3d6mOBR
Fogg maker takes on fairness creams with Pretty24

Taking a stab at fairness creams’ perennial message of fair skin being the benchmark beauty and success, Fogg deodorant maker Vini Cosmetics (Vini) is touting the idea that every shade of skin is equally beautiful. The company has been plugging the primetime of mainline television channels for the...

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/15/brain.jpg?itok=kT6QQo-H
55% marketers make better decisions with machine learning: iProspect report

MUMBAI: Digital agency iProspect has released its third annual Future Focus whitepaper geared to examine how machines and technology are impacting marketing and advertising in the year ahead. The paper takes a look at how brands can make the most of machines in 2018, from facilitating seamless...

MAM Marketing MAM
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/14/PAISABAZAAR.jpg?itok=F6V0tnEn
Paisabazaar aims Rs 1500 cr mutual fund AUM by 2018

MUMBAI: Paisabazaar has announced that assets under management (AUMs) garnered through its mutual funds products crossed Rs 1000 crore mark last month. The organisation says it is confident of reaching Rs 1500 crore of AUM by March 2018. The fin-tech company launched mutual funds on its platform...

MAM Marketing Brands
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/14/Blackberrys-AW_0.jpg?itok=0mzgSZY0
Blackberrys gives digital mandate to FoxyMoron

MUMBAI: Menswear fashion brand Blackberrys has assigned its digital mandate to FoxyMoron after a multi-agency pitch. The account will be managed from the agency's north office. As per the mandate, FoxyMoron will be managing the digital creative, media, search engine optimisation as well as website...

MAM Marketing Brands

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories