Top Story

e4m_logo.png

Home >> Media – Print >> Article

Hindustan Media Ventures registers net profit of Rs 11.66 cr in Q3 FY11

17-January-2011
Font Size   16
Hindustan Media Ventures registers net profit of Rs 11.66 cr in Q3 FY11

Hindustan Media Ventures Ltd (HMVL), publisher of Hindi daily Hindustan and magazines Nandan and Kadambini, has announced a net profit of Rs 11.66 crore for the third quarter ended December 31, 2010.

In a statement issued, HMVL said, “The results for the quarter ended December 31, 2010, are not comparable with the results of quarter ended December 31, 2009.”

The company had acquired the Hindi publications from its holding company HT Media Ltd on December 1, 2009. exchange4media readers may recall that HMVL had launched an Initial Public Offer (IPO) in July last year, through which it raised around Rs 270 crore. During the quarter, HMVL launched its Hindi daily Hindustan in Gorakhpur (Uttar Pradesh).

For the corresponding three-month period of the previous year, the company’s net profit stood at Rs 4.33 crore.

HMVL’s net sales stood at Rs 130.22 crore during the quarter under review. It had recorded net sales of Rs 41.29 crore during the same period last year.
 

Tags

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

The Managing Editor of Public TV gives insights about the struggle the Kannada news channel endured during its nascent stage and what led them forward to the second position that they occupy right now in what is a rather crowded marketplace

The unveiling of the Pitch Madison Advertising Report 2018 event was held on February 15, 2018. Over the years, the report has become a benchmark in the industry. Here are some pictures from the event...

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing...

Jake Dyson, Chief Engineer and Member of the Dyson board, spoke about the innovations and technology that they plan to bring to India