One-time adjustment of Rs 1045.3 cr; Network18 - GEC and news segments grow in Q1-2015

Deepu

EntMnt Legend
Finest Member
Network18 Media and Investments Limited (Network18) said that it has made a one-time exceptional adjustment of Rs 1,045.3 crore in Q1-2015 and reported a loss of Rs 1,021.88 crore in the quarter ended 30 June 2014 as compared to a loss of Rs 4.12 crore in Q4-2014 and a profit of Rs 18.90 crore in Q1-2014. The company reported 27.3 per cent higher operating income at Rs 708.4 crore in Q1-2015, but 4.1 per cent lower than the Rs 738.32 crore in Q4-2014.

Network 18’s Media operations segment reported 28.8 per cent higher revenue at Rs 694.08 crore in Q1-2015 as compared to the Rs 538.81 crore in Q1-2014, but 4.3 per cent lower than the Rs 725.31 crore in Q4-2014. The segment reported higher operating loss of Rs 83.87 crore in Q1-2015 as compared to an operating loss of Rs 39.85 crore in Q1-2014 and an operating profit of 62.07 crore in Q4-2014.

One-time adjustment of Rs 1045.3 cr; Network18 - GEC and news segments grow in Q1-2015 | Indian Television Dot Com
 
Top