MUMBAI: The highlights of TV-18 group Q1 FY 2005 ended 30 June 2004 stands as follows:

Revenues at Rs 169.42 mn
Operating profit at Rs 86.37 mn
Operating margin at 50.98 per cent
Net profit at Rs 62.09 mn*
EPS at Rs 4.00*-
Net profit and earning per share (EPS) exclude forex gains/losses and deferred tax adjustment.

The TV-18 group Q1 FY 2005 ended 30 June 2004 published after the JV with CNBC are based on a substantially different structure of revenues and costs as compared to results published for the previous year. Hence, it is a statutory requirement to publish standalone results for TV18, they give an incomplete picture of the operations and can be misleading. Therefore, investors are advised to use consolidated figures for any correct analysis.

Consolidated accounts include TV18 India and its subsidiary companies TV18 Mauritius, Eighteen Entertainment India, E18 and MCD