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Network 18 posts strong Q3 results

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Network 18 posts strong Q3 results

Network 18 group for the quarter ending December 31, 2012 has issued results today. Consolidated revenues for the third quarter of the year 2012-13 stood at Rs. 697.4 crores on a reported basis, a growth of ~52% over same quarter last year. And reported operating profit for the quarter was Rs. 10.6 crores. The company turned in a profit after tax of Rs. 6.8 crores.

TV18 Broadcast Limited has also announced their results for the quarter ending December 31, 2012, today. The TV18 Business (both News and Entertainment) was on a strong growth trajectory this quarter. Reported revenues for the television and motion pictures business (including IndiaCast) stood at Rs. 512.4 crores for the quarter. The reported operating profit for the quarter was Rs. 48.1 crores. The company turned in a profit of Rs. 21.3 crores after tax.

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