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NDTV cuts down on Q2 losses to Rs 11.85 crore

29-October-2009
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NDTV cuts down on Q2 losses to Rs 11.85 crore

NDTV has reported a net loss of Rs 11.85 crore in Q2 of FY10 from a net loss of Rs 13.04 crore on the corresponding quarter of FY09. Revenues from operations stood at Rs 69.35 crore, a dip of 6 per cent over the revenues of Q2 in the previous fiscal.

Meanwhile, subscription income has shown a growth of 23 per cent over the same quarter of FY09. Total expenditure for Q2 of FY10 stood at Rs 78.15 crore, as against Rs 90.02 crore, a drop of around 13 per cent.

NDTV’s consolidated revenue for the second quarter ending September 30, 2009 grew by 17 per cent year-on-year at Rs 140.37 crore, as compared to Rs 120.27 crore for Q2 FY09.

NDTV informed the Bombay Stock Exchange that the Board of Directors of the company at its meeting held on October 28, 2009, inter alia, had approved the appointment of Pramod Bhasin, President and CEO of Genpact, as an Additional Director on the Board, subject to requisite approvals as may be required.

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