TV Today Q1 net profit grows 81 pc; topline grows 11 pc

TV Today Q1 net profit grows 81 pc; topline grows 11 pc

Author | exchange4media News Service | Friday, Jul 31,2009 8:58 AM

TV Today Q1 net profit grows 81 pc; topline grows 11 pc

TV Today Network Ltd has reported a topline of Rs 71.04 crore in the quarter ended June 2009, a growth of 11 per cent over the corresponding quarter last year. The quarterly net profit after tax has jumped 81 per cent at Rs 16.64 crore, as against Rs 9.17 crore last year. Other income, too, has increased 103 per cent to Rs 9.15 crore in the first quarter.

This quarter also sees Aaj Tak consolidating its leadership. As per the latest viewership data (TAM, 15+, All India, Week 30), Aaj Tak continues to be the preferred choice with a market share of 20.6 per cent. In fact, the weekly reach of Aaj Tak (TAM, 4+, Week 30) is 52.6 million.

Commenting on the growth, G Krishnan, CEO, TV Today, said, “TV Today is on the growth track – we have continued to grow inspite of the cluttered news space and the economic slowdown. We have ensured that we maintain a tight control on cost and continue to create revenue drivers on the domestic and international front. We expect to continue to grow with the same momentum”

Aroon Purie, Chairman and Managing Director, TV Today, said, “It is indeed heartening to note that we have grown our topline and bottomline inspite of a difficult economic environment. I am glad that as a network, TV Today continues to set the agenda in the news space. Each of our offerings is unique and that is why they have all made a distinct space for themselves. We will continue to deliver value to our investors and advertisers by expanding the news base.”

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