DEN Networks’ cable TV operations has turned around in the fiscal ended 31 March 2016 even as it seeded one million set-top boxes (STBs) in the fourth quarter to take its total digital subscriber base to 9.4 million. The multi-system operator (MSO) reported consolidated profit (before tax and finance cost) of Rs 8.14 crore (Rs 81.4 million) from cable TV operations in FY16 compared to a loss of Rs 4.3 million a year ago. Revenue grew 7.2% to Rs 1193.55 crore (Rs 11.94 billion) in FY16 from Rs 1113.46 crore (Rs 11.13 billion) a year ago. In the fiscal fourth quarter, DEN reported consolidated profit (before tax and finance cost) of Rs 42.70 crore (Rs 427 million) from its cable TV operations compared to an EBIT loss of Rs 35.67 crore (Rs 356.7 million) in the prior-year quarter. In the third quarter of FY16, profit stood at Rs 32.64 (Rs 326.4 million).
Read more at: http://www.televisionpost.com/cable/dens-cable-tv-biz-turns-around-1-mn-stbs-seeded-in-q4/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/cable/dens-cable-tv-biz-turns-around-1-mn-stbs-seeded-in-q4/ | TelevisionPost.com