ABP News Network total operating income up to Rs 482.65 cr in FY19
The income from advertisements has contributed around 99% of total revenues in FY19, as per reports
ABP News Network’s net profit for financial year ended March 31 has fallen 17.1% to Rs 40.61 crore, while in the previous fiscal it was Rs 48.99 crore, as per media reports.
The total operating income has gone up 3.5% to Rs 482.65 crore. The ad revenue has registered a 3.5% y-o-y growth in FY19, compared to 7.1% in FY18.
The profit before interest lease depreciation and tax has dropped 29.63% to Rs 66.3 crore. The year-on-year drop was mainly due to increase in investment in sales promotion and content expenses for state elections and digital properties, reports said.
Income from advertisements has contributed around 99% of the total revenues in FY19, reports said.
As per reports, subscription income share has been low due to two paid channels being turned into Free to Air.
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