TV18 Q2 consolidated revenue up 67 % at Rs 883 million

MUMBAI: TV18‘s consolidated revenue grew 67 per cent year-on-year to be at Rs 882.97 million for the quarter ended 30 September 2007.

Revenue from news operations was at Rs 735.05 million, up from Rs 476.92 million a year ago. Profit (after tax and ESOPs) in this segment was at Rs 156.93 million, as against Rs 119.40 million.

Though revenue from the internet and software operations more than doubled to Rs 123.23 million (from Rs 53.16 million), TV18 incurred a loss (after tax and minority interest) of Rs 77.38 million as against a profit of Rs 16.36 million in the corresponding quarter of the previous year.

Newswire18‘s revenue jumped to Rs 24.69 million, compared with Rs 8.93 million in the previous quarter. Loss (after tax and minority interest) has improved to Rs 29.86 million, from Rs 49.92 million.

Said TV 18 MD Raghav Bahl: "Our channels are maintaining their leadership positions and revenues from Newswire18 are growing strongly. We are investing aggressively in Web18 as Internet remains a key focus area."

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