TV18 clocks net profit of Rs 63.9 in Q4- Indiantelevision.com's Breaking News

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TV18 clocks net profit of Rs 63.9 million in Q4

Indiantelevision.com Team

(28 April 2004 8:00 pm)

MUMBAI: TV18 Group has posted a revenue growth of 61 per cent while its net profit registered a growth of 105 per cent for the fiscal year ended 31 March.

The results show a 61 per cent gain in revenues to Rs 171 million for the fiscal year ended 31 March. The operating profit for the year stood at Rs 88.4 million, registering a year-over-year gain of 136 per cent.

The operating margin crossed the 50 per cent mark, moving up from last quarter's 48.57 per cent. The results show the company's net profiting going up by 105 per cent. It stood at Rs 63.9 million to last quarter's Rs 53.4 million.

TV18 managing director Raghav Bahl attributed the company's good show to their sound performance in the field of advertising revenue. "TV18 Group continues to post robust performance on the back of excellent growth in our advertising revenues. Our new programming initiatives on CNBC-TV18 have been very successful resulting in marked increase in our viewership. We expect to consolidate on this performance going forward," said Bahl.

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