Television

TV 18 Q4 consolidated revenue up at Rs 803 million

MUMBAI: TV 18 has posted a strong revenue growth in business news at Rs 718.89 million for the fourth quarter ended 31 March 2007, up 48 per cent year-on-year.

Profit after tax and ESOP charge out stood at Rs 230.92 million, up from Rs 170.16 million a year ago. Net outflow on revenue share with CNBC for the quarter was at Rs 26.70 million.

Revenue from internet and other operations was at Rs 84.90 million as against Rs 48.59 million a year ago. Net loss was at Rs 36.30 as against a net profit of Rs 20.02 million during this period. This is because Web 18 is in investment mode.

TV 18's consolidated revenue was at Rs 803.79 million, up from Rs 535.10 million.

Says TV 18 managing director Raghav Bahl, “We are extremely happy with this quarter’s performance. Our channels are maintaining their pole position in the business news space and we continue to increase the width and depth of our offering via Newswire 18. Web 18 continues to show impressive revenue growth and has entered investment mode as we scale up our ambitions on the internet."

TV 18 scrip rose Rs 3.71 per cent on the BSE to end Monday's trading at Rs 755.10.

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