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TV Today Q3 net drops 48% to Rs 86.7 million
 

Indiantelevision.com Team

(23 January 2009 10:30 pm)

 

MUMBAI: TV Today Network's net profit has dipped 48 per cent to Rs 86.73 million for the third quarter ended 31 December 2008, as against Rs 166.9 million in the previous year.

Total income was at Rs 652.66 milion, down from Rs 693.73 million in the year-ago period.

Expenditure during the quarter under review has jumped to Rs 579.24 million, compared to Rs 490.18 million in the prior year. This was due to a rise in advertising, marketing and distribution costs. Also, the employee cost increased from Rs 144.59 million (Q3, FY08) to Rs 186.73 million in the third quarter of this fiscal.

 
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