TV 18 FY-02 net Rs 34.89 million

Television Eighteen India Ltd has posted a net profit of Rs 12.54 million for the quarter ended 31 March 2002 as compared to Rs 13.33 million in the corresponding period last fiscal. Total Income has decreased from Rs 98.73 million in MQ-01 to Rs 81.54 million in the quarter ended 31 March, 2002. 

The company has posted a net profit of Rs 34.89 million for the year ended 31 March, 2002 as compared to Rs 31.77 million in the previous financial year. Total Income has increased from Rs 213.17 million in FY-01 to Rs 322.03 million in the financial year ended 31 March, 2002.

Net profit is at Rs 4 million for the quarter ended 31 March, 2002 and the total income is at Rs 91.11 million for the quarter ended 31 March, 2002. 

While TV18's news revenues have improved 14.4 per cent during the quarter to Rs 75.8 million, its entertainment and web revenues are down by significant margins. Entertain revenues were down 41.8 per cent at Rs Rs 4.3 million and the E-18 revenues were down 35.6 per cent at Rs 2.3 million. E-18, which owns, is a wholly owned subsidiary of TV18.

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