Top Story

e4m_logo.png

Home >> International >> Article

Mid-Day Multimedia net profit increase to Rs 8.63 crore

13-May-2001
Font Size   16
Mid-Day Multimedia net profit increase to Rs 8.63 crore

Mid-Day Multimedia has posted a 68 per cent increase in net profit for the fiscal year ended March 31, 2001, to Rs 8.63 crore as against Rs 5.13 crore for the same period last year’s. Total revenue for the year has shown a growth of 81 per cent to 96.29 crore as against Rs 53.25 crore in the last fiscal year.

The gross profit before depreciation and tax stood at Rs 16.89 crore as against Rs 9.44 crore in the same period last year. The company has provided for interest and finance of Rs 0.98 crore for the fiscal ended March 2001 as against Rs 0.47 crore last fiscal. Depreciation has increased to Rs 2.84 crore as against Rs 1.57 crore last year. The company has increased its provision for taxes to Rs 4.44 crore (Rs 2.27 crore). The company made an IPO during the year and was listed on the BSE and NSE in April 2001.

The reserves and surpluses stood at Rs 49.43 crore as against Rs 31.39 crore last year’s. This is against an equity base of Rs 34.05 crore, which has grown from Rs 31.93 crore last year’s.

At the commencement of the current fiscal year, the company took over all operations of Mid-day Outdoor Ltd. The outdoor business delivered significant revenues during the year under review.

Tags

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

Meanwhile Radio City and Radio Mirchi ruled Bangalore and Kolkata respectively

Pankaj Belwariar, who recently resigned from the post of Vice President Marketing at Sakal Media Group, has now joined Rajasthan Patrika as the Head of Marketing in North and East region.

A look at Vivo’s ad campaign with their all-new brand ambassador Aamir Khan, which has fetched them a whopping 21 million views on YouTube