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Network18 reports net loss of Rs 181 cr in FY09

01-July-2009
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Network18 reports net loss of Rs 181 cr in FY09

Network18 Media and Investments Ltd has reported a consolidated net loss of Rs 181.87 crore for the year ended March 31, 2009. Consolidated revenues, on the other hand, have gone up to Rs 765 crore, a growth of 18 per cent YoY.

Meanwhile, total expenditure has also increased from Rs 568.40 crore in FY08 to Rs 1032.66 crore for the year ended March 31, 2009.

The company also raised over Rs 775 crore in equity-related instruments to strengthen balance sheets across group companies.

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