Network 18 Group announced its results for the Financial Year 2010-11 and the last quarter of the year ended March 31, 2011. The consolidated revenues for the year 2010-11 stood at Rs 1,484 crore, up 21%, compared to 2009-10 (adjusted for the sale of Infomedia's BPO unit).
Its consolidated revenues for the fourth quarter came in at Rs 406 crore, up 15% over the corresponding quarter last year.
Network18 delivered a robust operating profit (EBITDA) of Rs 48 crore for the year, compared to an operational loss of Rs 61 crore in the last year, signaling that investments in various operating businesses over the last few years are on track to deliver on their potential.
The company's Q4FY11 consolidated income from operations stood at Rs 406 crore versus Rs 407 crore in the previous quarter. The company reported a loss at Rs 44 crore versus profit of Rs 79 crore in the earlier quarter.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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