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NDTV books Rs 2.7 crore profit during first quarter of 2006-07

19-July-2006
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NDTV books Rs 2.7 crore profit during first quarter of 2006-07

Prannoy Roy promoted New Delhi Television has reported Rs 2.7 crore profit after tax and before ESOP in Q1 ’07. The company made 54 per cent YOY growth in revenues for Q1 ’07 at Rs 64 crore as compared to Rs 41.5 crore in the same quarter in the previous year.

EBITDA for Q1 is at Rs 8.17 crore, compared to Rs 4.26 crore in the same quarter of previous year, a growth of 92 per cent.

The news network in a statement said that it had added 75 first time advertisers and 175 new brands this quarter, taking the total brand and advertising universe to 2,261.

The company launched ‘Astro Awani’, a 24-hour news channel in Indonesia, in partnership with Astro, a leading South East Asia media group during the first quarter. It is the first channel launched by NDTV generating news that is not India-related and is specifically for viewers of that country. It said that it would launch a similar channel with Astro in Malaysia by this year-end.

“Our news network’s leadership in an environment of increasing competition reflects the strength and credibility of the NDTV brand and the trust our viewers place in us. Going forward, we remain focused on becoming a composite media house and will continue to pioneer new areas of media work,” Roy, Chairman of NDTV, said in a statement.

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