However, revenue from operations rose 10.75 per cent to Rs 1,245.12 crore as against Rs 1,124.24 crore in the corresponding period of the previous financial year
New Delhi: Network18 Media and Investments Ltd Tuesday reported widening of its consolidated net loss to Rs 127.66 crore in the first quarter ended June 30. The company had reported a net loss of Rs 112.29 crore in the April-June 2018 quarter, Network18 Media and Investments said in a BSE filing. However, revenue from operations rose 10.75 per cent to Rs 1,245.12 crore as against Rs 1,124.24 crore in the corresponding period of the previous financial year.
“(First quarter) revenues grew 11 per cent year-on-year amidst a weak advertising environment, led by election advertising and strong growth in subscription income post implementation of new tariff order (NTO),” said Network18 Media in a statement. Its total expenses stood at Rs 1,307.87 crore, up 10.75 per cent as compared with Rs 1,180.82 crore in the year-ago quarter.
Network18 Chairman Adil Zainulbhai said: “Amidst a challenging advertising environment and the implementation of a new tariff regime, we have continued to focus on creating great content for all media.” Moreover, Television Home Shopping Network (Homeshop) also ceased to be an associate of the company from June 6. “Exceptional items for the quarter ended 30″ June, 2019 represents impairment of investments in Homeshop and provision for trade receivables from Homeshop and its wholly-owned subsidiary Shop CJ Network Private Limited,” it added.
Shares of Network18 Media and Investments Ltd were trading at Rs 25.90 on the BSE afternoon, up 2.78 per cent from the previous close.
Pingback: where to buy replicas
Pingback: best replica watch site canada
Pingback: Breitling Replica
Pingback: uniccshop.bazar
Pingback: dang ky 188bet
Pingback: Cheap sweets
Pingback: buy opana online no script use for pain anxiety overnight delivery
Pingback: Fake id
Pingback: pinewswire.net
Pingback: bitcoin evolution review
Pingback: reddit best cbd oil
Pingback: Autoglassanytime.net
Pingback: DevSecOps
Pingback: cbd for anxiety
Pingback: Nautilus NS 200X manuals
Pingback: 원샷홀덤
Pingback: 3D printing
Pingback: cozyfine.com
Pingback: new darknet search engine
Pingback: ถ้วยฟอยล์
Pingback: como hackear whatsapp
Pingback: https://www.iarai.ac.at/traffic4cast/forums/users/bodhidawson/
Pingback: Anonymous
Pingback: Luciana66 Cam4
Pingback: Incontri Parioli Sesso Mature
Pingback: magic mushrooms denver colorado
Pingback: chat gay
Pingback: แทงบอลโลก
Pingback: limanbet giriş
Pingback: Continue
Pingback: buy blunts
Pingback: Buy DMT Vape Pen Victoria