TV18 BROADCAST LTD. - Announces Q1 results, Results Press Release and Limited Review Report for the Quarter ended June 30, 2014
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| 12 Aug 2014 | |
| TV18 Broadcast Ltd has announced the following results for the quarter ended June 30, 2014:<br/><br/>The Unaudited Standalone results for the Quarter ended June 30, 2014<br/><br/>The Company has posted a net loss of Rs. (1090.640) million for the quarter ended June 30, 2014 as compared to net profit of Rs. 83.112 million for the quarter ended June 30, 2013. Total Income has increased from Rs. 1133.148 million for the quarter ended June 30, 2013 to Rs. 1415.50 million for the quarter ended June 30, 2014.<br/><br/>"The Consolidated Results are as follows:<br/><br/>The Unaudited Consolidated results for the Quarter ended June 30, 2014<br/><br/>The Group has posted a net loss after tax, share in profit of associate and minority interest of Rs. (1545.422) million for the quarter ended June 30, 2014 where as the same was at net profit of Rs. 59.322 million for the quarter ended June 30, 2013. Total Income is Rs. 5335.628 million for the quarter ended June 30, 2014 where as the same was at Rs. 4031.760 million for the quarter ended June 30, 2013.<br/><br/>- Equator Trading Enterprises Private Limited ("Equator") including its subsidiaries Panorama Television Private Limited and Prism TV Private Limited had become wholly owned subsidiary of the Company with effect from January 22, 2014. Hence, the consolidated results of the current period include the results of these subsidiary companies. Eenadu Television Private Limited had also become an associate with effect from January 22, 2014 and its results have been accounted as Associate under accounting standard 23 on Accounting for Investments in Associates in Consolidated Financial Statements. To this extent, the results of this period are not comparable with the corresponding previous period." | |
| View all announcements for TV18 BROADCAST LTD. | Source: BSE India |
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