TV Today Q2 net up at Rs 33 million

MUMBAI: The Aroon Purie promoted --TV Today Network records net profit of Rs 33 million for the quarter ended 30 September as against Rs 23.4 million for the corresponding quarter of the previous fiscal.

The company reported its net sales at Rs 381 million for this second quarter from Rs 314 million as compared to the corresponding quarter.

The company's expenditure for the quarter closed at RS 320 million. It has largely incurred employee cost at Rs 105.90 million and transmission and production cost RS 43.60 million. On advertisement, marketing and distribution front, the company has recorded expense of Rs 71.70 million.

The company has informed that of the total Rs 950 million raised through initial public offering (IPO), Rs 685.50 million has already been utilised as of 30 September, 2006.

The company is a part of the India Today Group, which manages media company across television, radio (yet to launch its station under the second phase of private FM), print, publishing and music distribution.

The scrips opened at Rs 74.55 and closed the trading day at Rs 76.

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