| MUMBAI:
Entertainment Network India Ltd (ENIL) has posted a net profit of Rs 4.12 million
for the quarter ended 30 June 2007. During
the period the company's revenue rose to Rs 408.4 million, representing a 19.5
per cent increase to Rs 341.7 million in the prior-year period. On
a consolidated basis, the company's net loss stood at Rs 76.7 million, while revenue
was at Rs 691 million in the first quarter of FY 08. This
quarter, Radio Mirchi launched seven new stations in Patna, Jalandhar, Bhopal,
Rajkot, Baroda, Panji and Kanpur. It also launched in Nasik, Varanasi and Aurangabad
in July. These were among the 22 stations slated to be rolled out in phase II.
Commenting
on the performance ENIL MD A P Parigi said, "The quarter witnessed rapid
fire roll out of stations. In a period of four months ten stations in different
geographies went on air. The initial response in these stations has been good.
Radio Mirchi continues to be leader with 49 per cent market share. We believe
that we have taken a significant step forward in our Times out-of-home (OOH) business
by building a portfolio of high quality assets. We believe our planned initiatives
in the OOH business will be value accretive." | 
