Television

TV Today Q4 net profit up at Rs 135.1 million

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MUMBAI: TV Today Network has posted a standalone net profit of Rs 135.1 million for the quarter ended 31 March 2008, up from Rs 122.6 million in the corresponding quarter last fiscal.

During the period, the company’s revenue stood at Rs 702.2 million as against Rs 612.6 million in the year ago period.

TV Today Network’s expense has increased in the quarter to stand at Rs 493.7 million (from Rs 424.2 million). Advertisement, marketing and distribution cost has increased from Rs 92 million to Rs 137.9 million.

For the entire year ended 31 March 2008, TV Today Network’s net profit has surged 40 per cent to touch Rs 435.5 million from Rs 310.9 million in the year ago period.

The topline has grown by 24 per cent to Rs 2.51 billion as against Rs 2.02 billion last year.

During the year, Aaj Tak expanded its international footprint by launching in UK and continental Europe.

TV Today CEO G Krishnan said, “In spite of a highly competitive market, we are on the growth track. We will continue to deliver value to our investors and advertisers by further expanding the news base.”

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