Den Network's Cable TV Business has posted net profit of Rs 114.3 million in the Quarter which ended on 30 June 2012. Profit has jumped up 13 times from the last year quarter profit of Rs 8.7 million.
Income from operations was up 23 per cent to Rs 1.84 billion from Rs 1.49 billion a year earlier.
Den Networks revenue climbed 21 per cent to Rs 1.90 billion while expenditure was 9 per cent higher at Rs 1.43 billion.
The Sameer Manchanda-promoted Cable TV business said its operating profit before forex losses of Rs 23.7 million in Q1 was Rs 461.9 million, up 77 per cent from Rs 261.2 million. The company’s Ebidta margin stood at 24.3 per cent in the first quarter against 16.6 per cent a year earlier.
Den Networks CEO S N Sharma said it has built a sales team which is undertaking direct selling activities through DSAs (direct selling agents) in association with the Local Cable Operators (LCOs).
The MSO has also tied up with Resident Welfare Associations in its service areas to organise digitisation-centric events.
The company asserted that it continues to consolidate its presence in existing towns and strengthen its position as the leading cable service provider in India by entering strategic markets like West Bengal, Bihar and Jharkhand.
Income from operations was up 23 per cent to Rs 1.84 billion from Rs 1.49 billion a year earlier.
Den Networks revenue climbed 21 per cent to Rs 1.90 billion while expenditure was 9 per cent higher at Rs 1.43 billion.
The Sameer Manchanda-promoted Cable TV business said its operating profit before forex losses of Rs 23.7 million in Q1 was Rs 461.9 million, up 77 per cent from Rs 261.2 million. The company’s Ebidta margin stood at 24.3 per cent in the first quarter against 16.6 per cent a year earlier.
Den Networks CEO S N Sharma said it has built a sales team which is undertaking direct selling activities through DSAs (direct selling agents) in association with the Local Cable Operators (LCOs).
The MSO has also tied up with Resident Welfare Associations in its service areas to organise digitisation-centric events.
The company asserted that it continues to consolidate its presence in existing towns and strengthen its position as the leading cable service provider in India by entering strategic markets like West Bengal, Bihar and Jharkhand.