Dish TV ranked as best managed media Co in Asia
Intl magazine ‘Euromoney’ has ranked the DTH player as part of its Best Managed and Governed Companies – Asia Poll 2013. The Poll is in its 14th year
Direct-to-home company Dish TV has been ranked as the best managed company in Asia in the Media sector by international magazine ‘Euromoney’ for ‘Best Managed and Governed Companies – Asia Poll 2013’.
Euromoney’s Asia Poll is one of the most reputable polls in Asia and is currently in its 14th year.
The result is based on poll conducted among a total of 144 leading equity analysts at the largest investment banks and research houses in the Asia Pacific region. Analysts were asked to name the companies they found most impressive across a number of factors, including management accessibility, accounting transparency, profitability, growth potential and corporate governance procedures, among others.
Commenting on the recognition, RC Venkateish, Chief Executive Officer, Dish TV India said, “We are very proud of the acknowledgement that ‘Euromoney’ has given us. This success is the result of continuous efforts of the team, ensuring that investors and stakeholders confidence is maintained through transparency and good governance.”
Meanwhile, Dish TV hasn’t had a very encouraging third quarter, reporting a net loss in Q3 FY13 at Rs 449 million. According to analysts at Motilal Oswal Securities, Dish TV’s Q3 FY13 results are below estimates. EBITDA declined 12 per cent QoQ to Rs 1.38 billion, while revenue growth remained sluggish at 4.5 per cent QoQ (considering festive and digitisation demand). Negative surprise at EBITDA level is largely due to lower-than-expected average revenue per user (ARPU).
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