Television

Network 18 Q3 net profit Rs 270 million

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MUMBAI: Network 18 Media & Investments has declared its third quarter results. Its consolidated net sales were up Up 60 per cent (QoQ) at Rs 1.854 billion.

Network18's consolidated net profit was at Rs 270 million (vs Losses of Rs 122.1 million in Q2) and it declared maiden (interim) dividend of 25 per cent.

Network18 MD Raghav Bahl said: “We are extremely happy to share this quarter’s financial performance of the group. Our Channels are maintaining their leadership positions. We are witnessing a strong revenue growth in Web18 properties. Some new businesses are ahead of their business plans and others are doing as per expectations. The group has made a big entry in the print space with the acquisition of Infomedia. We wish to share the fruits of our strong entry into the phase of “profitable growth” with our shareholders by declaring an interim dividend of 25 per cent.”

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